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Belships ASA (BELS.OL)

BELS.OL on Oslo Stock Exchange

4.53NOK
20 Oct 2017
Change (% chg)

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Latest Key Developments (Source: Significant Developments)

Belships charter party with Cargill extended
Wednesday, 30 Aug 2017 10:44am EDT 

Aug 30 (Reuters) - BELSHIPS ASA ::CHARTER PARTY WITH CARGILL EXTENDED.CARGILL EXTENDED C/P FOR 11-13 MONTHS FROM OCT 3, WHICH WILL GENERATE EBITDA $2 MILLION OVER THE AVERAGE PERIOD.  Full Article

Belships secures ultramax newbuilding
Friday, 2 Jun 2017 06:37am EDT 

June 2 (Reuters) - BELSHIPS ASA ::REG-BELSHIPS ASA SECURES ULTRAMAX NEWBUILDING.HAS SIGNED AN AGREEMENT TO CHARTER IN AN ULTRAMAX BULK CARRIER OF 63,000 DWT TO BE DELIVERED FROM IMABARI SHIPBUILDING FIRST HALF 2020.CHARTER PERIOD WILL BE FOR MINIMUM 8 YEARS PLUS TWO YEARLY OPTIONS, WITH PURCHASE OPTION FROM END OF FOURTH YEAR.NEXT NEWBUILDING TO BE DELIVERED IN JANUARY 2018 AND IS PRESENTLY UNFIXED.  Full Article

Belships Q1 operating income stable at $6.6 million
Tuesday, 25 Apr 2017 06:32am EDT 

April 25 (Reuters) - BELSHIPS ASA :Q1 OPERATING INCOME $6.6 MILLION VERSUS $6.6 MILLION IN Q4.IMPORT OF GRAIN PRODUCTS TO CHINA EXPECTED TO GROW.Q1 EBITDA $3.0 MILLION VERSUS $3.1 MILLION IN Q4.  Full Article

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