Question · Q3 2025
Quirijn Mulder, Senior Analyst at ING, asked about the calculated impact of tariffs on CMB.TECH between April and September, the expected fixed contract cover by the end of 2025, and the delivery timelines and potential impact of the current VLCC and Suezmax order book.
Answer
CEO Alexander Saverys stated that the direct impact of tariffs on CMB.TECH has been minimal, though they generally prefer free trade. He expressed the intention to increase fixed contract cover but without a specific target, depending on market offers. CFO Ludovic Saverys clarified that the VLCC order book is 15% and Suezmax 20%, with deliveries mainly in 2026-2027, and traditional shipyard slots are filling up, pushing new orders to 2028-2030.
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