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Belships ASA (BELS.OL)

BELS.OL on Oslo Stock Exchange

5.61NOK
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Belships Q2 EBITDA slightly up at $3.0 million
Thursday, 18 Aug 2016 03:58am EDT 

Belships ASA : Q2 freight income $5.5 million versus $4.5 million year ago . Q2 EBITDA $3.0 million versus $2.7 million year ago . Seasonally adjusted, iron ore imports to china in 2016 is expected to reach more than 1 billion tons, as H1 is typically weaker due to low construction activity .Belships vessels are chartered out on fixed rates to reputable counterparts, representing a future nominal gross hire of $74 million.  Full Article

Belships : timecharter concludes for M/S Belocean
Thursday, 18 Feb 2016 02:16am EST 

Belships ASA:M/S Belocean will end her charter with Canpotex around Feb. 25.M/S Belocean will be replaced by newbuilding M/S Belisland at net rate of $17,300 per day.‍Delivery around March 15 until expiry of remaining five year period​.  Full Article

Belships ASA enters into sale and lease back agreement for M/S Belisland
Tuesday, 16 Feb 2016 05:29am EST 

Belships ASA:‍Says entered into a sale and lease back agreement with a Japanese counterpart for M/S Belisland ‍.Ship will at time of delivery be sold and leased back for a period of 15 years with purchase options from year 5 onwards​ ‍.Transaction will improve belships cash balance with about $6 million - $8 million, depending on market value at time of delivery​​.  Full Article

Belships enteres sale and lease back agreement with Japanese counterpart for M/S Belforest
Thursday, 17 Sep 2015 11:00am EDT 

Belships ASA:Belships ASA is pleased to announce that the company has entered into a sale and lease back agreement with a Japanese counterpart for M/S Belforest.M/S Belforest, 61,000 dwt Ultramax bulk carrier is currently under construction at Imabari Shipbuilding in Japan and will be delivered around Sept. 25, 2015.The ship will at time of delivery be sold and leased back for a period of 12 years with purchase options from year 3 onwards.The transaction is considered as a financial lease and will not have any material impact on the financial figures.Compared to alternative loan financing offer published in the report for 2nd quarter, the transaction will improve Belships cash balance with about USD4 million at time of delivery.  Full Article

Chairman inherits 4.88 pct Belships ASA outstanding shares
Thursday, 9 Apr 2015 03:21am EDT 

Belships ASA:Says Sverre Tidemand, chairman of Belships ASA, has inherited 2,308,680 shares, corresponding to 4.88 pct of all outstanding shares in Belships ASA.  Full Article

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