- About us
- IBJ Awards
- Free Sample
- Contact us
Belships expands fleet
(Posted on 03/09/19)
Belships ASA has agreed 7 year bareboat charters for two 61,000 dwt Ultramax bulk carrier newbuildings. The vessels will be delivered by a Japanese shipyard during the fourth quarter of 2019 and first quarter of 2020.
The estimated cash breakeven for the Vessels upon delivery is about USD 11,000 per day including operational expenses. Belships ASA will pay a sum of USD 3 mill per Vessel prior to delivery. The agreements come with purchase options below current market values and can be exercised as from the fourth year until the end of the charter.
"We are very pleased to continue the growth and fleet renewal of the company with two vessels of the highest quality being delivered straight into a strong market." said Belships CEO, Lars Christian SkarsgÃ¥rd.
Following the transactions, the Belships fleet will count 22 Supramax/Ultramax bulk carriers, including the four newbuildings. Belships strategy going forward is to grow accretively as a fully integrated shipowner and operator of geared bulk carriers.
Belships ASA was founded in 1918 and has been listed at Oslo Bors since 1937. The company is a fully integrated shipowner and operator of geared bulk carriers.
As recent news reports highlight, the shipping industry continues to face threats such as piracy, kidnapping... Read more
Algoma Central Corporation, a leading supplier of marine transportation services, has announced that... Read more
Wavespec, as the last technical entity within Braemar Shipping Services Plc, has announced that it is... Read more
INTERCARGO believes that, once again seafarers are falling victim to the lack of focus and joined up... Read more
As efforts to refloat the Ever Given continue, the International Chamber of Shipping (ICS) has released... Read more
GTMaritime has announced that it has transitioned its business to an Employee Owned Trust (EOT), in... Read more
Leading classification society ClassNK has begun joint investigative research with Sompo Japan Insurance... Read more
Oslo-based global dry bulk operator, Western Bulk has published its 2020 Annual Report with a full year... Read more
International maritime charity Sailors’ Society’s Wellness at Sea training and support reduces... Read more
The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a second-hand... Read more