Oslo Stock-listed shipowner and dry bulk carrier operator Belships has announced on November 26 that Kontrari/Kontrazi (Kontrari), the largest shareholder of Belships, is in a “process to evaluate potential strategic alternatives relating to its ownership stake in Belships.”
Fearnley Securities, Kontrari’s financial advisor, received on November 26 indications that rumours exist about the process, the Belships statement reads.
“No decisions have been made at this time,” according to the release.
There can be no assurance that the process will result in any transaction or other strategic change or outcome.
Belships said that neither Kontrari nor Belships intends to make any further announcement until determined that such disclosure is necessary.
Meanwhile, Belships reported in its quarterly report (Q3 2024) that it sold two debt-free supramax vessels (2016-built) for a total of US$56.6m with a book gain of US$6.5m.
Furthermore, the first newbuilding Belgrace was delivered in September and entered a contract of about 18 months at USD 16 500 gross per day.
With 12x ultramax newbuildings under construction, Belships expects to take delivery of these new 64 000-dwt vessels between 2025 and 2028.
