CMB.Tech CEO: Strait of Hormuz Reopening Impact on Freight Rates Remains Unclear – News and Statistics
May 20, 2026 The head of Belgian tanker firm CMB.Tech stated on Tuesday that it remains unclear whether…
Reopening the Strait of Hormuz could supercharge or sink tanker rates
CMB Tech, rebranded from Euronav in October 2024, has benefitted from the Hormuz closure, which curtailed available shipping…
CMB Tech capitalises on Strait of Hormuz closure with profit surge
The company recorded a capital gain of about $267 million from vessel sales delivered to buyers during the…
Shipping giants refuse Persian Gulf transit until Hormuz risks vanish
Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world’s…
VLCCs exit Persian Gulf via Strait of Hormuz as US-Iran talks begin
Empty vessels sailing into gulf Three other empty tankers – Mombasa B, Agios Fanourios I and Shalamar –…