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 Skarsgård.
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.
Latest News
Better safeguarding measures needed to support cadets at sea
(Posted on 07/05/25)Cadets are increasingly struggling to complete their cadetships due to a shortage of available placements... Read more
Algoma focuses on reliable service and fleet improvements
(Posted on 07/05/25)Algoma Central Corporation has reported its results for the three months ended March 31, 2025. Algoma... Read more
ClassNK releases ‘Prime Shipmanagement Guidelines’
(Posted on 01/05/25)ClassNK has released ‘Prime Shipmanagement Guidelines’ which aim to achieve sustainable... Read more
MCTC ensures quality remains at top of the table amid global tensions
(Posted on 30/04/25)In the face of unpredictable provisioning costs, port disruptions, and longer lead times MCTC has reinforced... Read more
NORDEN raises full-year guidance for 2025
(Posted on 28/04/25)On the back of the increased gains from sales of vessels and good operational performance, NORDEN, a... Read more
INTERCARGO welcomes ILO recognition of seafarers as key workers
(Posted on 28/04/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has welcomed the recent decision... Read more
MMS advises why seafarers must remain vigilant about malaria
(Posted on 25/04/25)Despite its lack of publicity, malaria remains an ongoing epidemic and a perilous threat to seafarers... Read more
Veson: Bulker S&P activity falls sharply in Q1 2025
(Posted on 22/04/25)Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with... Read more
Britannia Group announces CEO succession plan
(Posted on 22/04/25)The Britannia Group, a leading P&I insurer, has announced that its Chief Executive, Andrew Cutler... Read more
INTERCARGO responds to IMO's decision on GHG reduction measures
(Posted on 15/04/25)At last week's landmark MEPC 83 meeting, the International Maritime Organization (IMO) Member States... Read more
