CMB.Tech's Q2 core profit more than doubles as Hormuz disruption continues to lift tanker rates
27/08/2026 06:05
CMB.Tech's Q2 core profit more than doubles as Hormuz disruption continues to lift tanker rates Aug 27 (Reuters) - Belgian tanker company CMB.Tech CMBT.BR said on Thursday its second-quarter core profit more than doubled, helped by strong tanker and dry bulk markets, while vessel sales added a major one-off boost.
Earnings before interest, taxes, depreciation and amortisation rose to $552.8 million in the quarter from $224.1 million a year earlier.
Disruption to shipping flows through the Strait of Hormuz triggered a scramble for available tankers and sharp increases in spot freight rates, CMB.Tech said in a press release.
(Reporting by Hugo Lhomedet in Gdansk, editing by Milla Nissi-Prussak)
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