CMB.Tech stock up, analyst points to strong tanker pricing

CMB.TECH NV

19/11/2025 09:07

** Shares in Belgian oil tanker group CMB.Tech CMBT.BR rise around 3%, with an analyst pointing to strong tanker pricing

** KBC Securities analyst Kristof Samoy says that both crude tanker and capsize leasing prices are in "good shape" which bodes well for the company's earnings

** "Especially VLCC (Very Large Crude Carrier) rates are going through the roof with spill over effects on SUEZMAX rates," Samoy says

** He underlines that a quarter of the company's gross asset value is linked to crude tankers, and another half is linked to dry bulk vessels

** Despite good pricing momentum the stock has been underperforming YTD, down around 14% up to the latest close

** "The share price has not moved YTD compared to listed tanker and bulker peers. A catch up is more than warranted," Samoy says

(Reporting by Mateusz Rabiega)

((Mateusz.rabiega@thomsonreuters.com))