PRESS RELEASE: CMB.TECH trading update

Core Viewpoint - CMB.TECH continues its fleet rejuvenation strategy by selling older vessels and taking delivery of newbuild vessels, indicating a proactive approach to maintaining a modern and efficient fleet [1][2][3]. Fleet Update - CMB.TECH delivered five newbuilding vessels in Q3 and Q4 to date [2]. - The company sold the VLCC Dalma (2007, 306,543 dwt) for a capital gain of 26.7 million USD, with delivery scheduled for Q4 2025 [2]. - The time charter of the VLCC Donoussa (2016, 299,999 dwt) has been extended for another 11 months until October 2026 [2]. - The vessels Hakata (2010, 302,550 dwt) and Hakone (2010, 302,624 dwt) were sold, generating a total capital gain of approximately 39.3 million USD in Q3 2025 [3]. - The capesize vessel Battersea (2009, 169,390 dwt) was sold for a capital gain of 2.4 million USD, with delivery also set for Q4 2025 [4]. Estimated Time Charter Equivalent Earnings (TCE) - The estimated average daily TCE rates for various vessel types are as follows: - Newcastlemax Average rate: Q3 2025 at 27,872 USD/day, Q4 2025 to date at 30,954 USD/day (61.6% increase) [5]. - Capesize Average rate: Q3 2025 at 20,577 USD/day, Q4 2025 to date at 27,084 USD/day (50.0% increase) [5]. - Panamax/Kamsarmax Average rate: Q3 2025 at 13,437 USD/day, Q4 2025 to date at 15,814 USD/day (56.0% increase) [5]. - VLCC Average spot rate: Q3 2025 at 28,715 USD/day, Q4 2025 to date at 54,206 USD/day (30.0% increase) [5]. - Suezmax Average spot rate: Q3 2025 at 47,104 USD/day, Q4 2025 to date at 49,249 USD/day (34.0% increase) [5]. - CSOV Average time charter rate: Q3 2025 at 27,272 USD/day, Q4 2025 to date at 120,331 USD/day (83.7% increase) [7]. Company Overview - CMB.TECH is one of the largest listed, diversified maritime groups globally, operating a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, and offshore wind vessels [8]. - The company is headquartered in Antwerp, Belgium, with offices across Europe, Asia, the United States, and Africa [8].