Belships Reaches Deal to Sell Its Oldest Bulker

BulkerIllustration; Source: Unsplash/Daniel Norris

Norwegian shipping company Belships has entered into an agreement for a bareboat charter and subsequent sale of its 50,000 dwt Supramax bulk carrier Beleast.

Under the deal with Marti Shipping & Ship Management of Turkey, the company’s 2006-built vessel will enter the bareboat charter during the fourth quarter of 2019 and Belships will realise a gain of around USD 4 million.

The charterer has an obligation to purchase the vessel within 24 months and the net cash flow during the period will be around USD 3.5 million after repayment of outstanding loans.

The unit is the oldest ship in Belships’ fleet of 22 Supramax and Ultramax vessels, including newbuildings.

“We will continue to take an opportunistic approach to renew and expand our fleet, with the aim of maximising returns for our shareholders,” Lars Christian Skarsgård, Belships CEO, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >