Belgian oil tanker company CMB Tech reported third-quarter profit above market expectations, driven by its decarbonisation and fleet diversification strategy. While the outlook for Very Large Crude Carriers (VLCCs) remains favourable, the Suezmax segment faces challenges with a growing order book. CMB Tech acknowledged near-term challenges to oil demand growth from headwinds in China and the Middle East, including geopolitical risks in the Strait of Hormuz. Despite these challenges, the company remains cautiously optimistic, particularly in non-OECD Asia, and believes its fleet is well-positioned to navigate evolving global market conditions.