The Oslo Stock Exchange-listed Belships ASA has expanded its newbuilding program with one new 64,000-dwt ultramax bulk carrier which will be delivered during the second half of 2027.
The shipowner revealed in its quarterly earnings results that the Japanese-design ultramax bulk carrier to be named Belcargo will be delivered in the third quarter of 2027.
The company added that the vessel is leased on similar terms as other lease agreements previously announced, and Belships is not required to make any down payments for this vessel.
It’s first newbuilding Belgrade was delivered in September and entered a contract of about 18 months at USD 16 500 gross per day.
Belships now expects 12 newbuildings to be delivered between 2025 and 2028. All vessels are leased on time charter for periods up to a maximum of 7 to 10 years from delivery, with purchase options around current market levels.
There is no obligation to purchase, Belships said, any of the vessels.
According to the shipowner, the Japanese-design bulk carriers entering the fleet “represent the highest quality and lowest fuel consumption available in the market today and will contribute to further reduce Belships’ carbon emissions on an intensity-basis.”
In its third quarter report the company also revealed that it sold two debt-free supramax vessels (2016-built) for a total of $56.6m with a book gain of $6.5m.
