Saverys keeps cashing in on tanker values

Belgian shipping group CMB.TECH has continued to cash in on elevated tanker values, selling its fifth suezmax this year and locking in another $59.6m capital gain. The Alexander Saverys-led company said it has already delivered the 2011-built, 165,000 dwt Stella to its new owner and will book the gain in the fourth quarter. CMB.TECH did not disclose either … Read full article →