BELCO Belships ASA

Belships ASA: Period charter contracts

Belships ASA: Period charter contracts

Belships has entered into agreement for period time charter contracts for two of our vessels for a period of about 23-25 months at a gross rate of USD 25 500 per day per vessel. The contracts are expected to commence from the beginning of November 2021.

Belships has a uniform and modern fleet of bulk carriers well positioned to capitalise on a strong dry bulk market. Following completion of all announced transactions, the Belships fleet will count 30 Supramax/Ultramax bulk carriers, with an average age of 4 years and average cash breakeven of about USD 10 500. Our strategy is to develop Belships as an owner and operator of geared bulk carriers, through quality of operations and pursue accretive growth opportunities for the purpose of maximising shareholder value. Based on current market expectations, we expect to generate significant free cash flow and aim to pay quarterly dividends as announced with our dividend policy.

For further information, please contact Lars Christian Skarsgård, Belships CEO, phone or e-mail

This stock exchange announcement was published by Edwin Johansen, Accounting Manager in Belships ASA on 22 October 2021 at 09:10 CET.





This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act



EN
22/10/2021

Underlying

BELCOBelships ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Belships ASA

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen
03/31/25 March 31, 2025 1 EN
 PRESS RELEASE
Free
BELCO BELSHIPS ASA

Completion of the recommended voluntary cash offer to acquire all issu...

Completion of the recommended voluntary cash offer to acquire all issued and outstanding shares of Belships ASA NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, HONG KONG, SOUTH KOREA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Oslo, 28 March 2025 Reference is made to the stock exchange announcement published on 21 January 2025 regarding the launch by Blue Northern BLK Ltd ("Blue Northern" or the "Offeror") of a recommended voluntary c...

March 28, 2025 1 EN
 PRESS RELEASE
Free
BELCO BELSHIPS ASA

Settlement notification and result in the recommended voluntary cash o...

Settlement notification and result in the recommended voluntary cash offer to acquire all issued and outstanding shares of Belships ASA NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, HONG KONG, SOUTH KOREA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Oslo, 7 March 2025 Reference is made to the stock exchange announcement published on 21 January 2025 regarding the launch by Blue Northern BLK Ltd ("Blue Northern" or the "Offeror") of a ...

March 7, 2025 1 EN
 PRESS RELEASE
Free
BELCO BELSHIPS ASA

Reminder of expiration of the offer period in the recommended voluntar...

Reminder of expiration of the offer period in the recommended voluntary cash offer to acquire all issued and outstanding shares of Belships ASA NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, HONG KONG, SOUTH KOREA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Oslo, 7 March 2025 Reference is made to the stock exchange announcement published on 21 January 2025 regarding the launch by Blue Northern BLK Ltd ("Blue Northern" or the "Offeror...

March 7, 2025 1 EN
 PRESS RELEASE
Free
BELCO BELSHIPS ASA

CORR* Belships ASA: Mandatory notification of transactions by primary ...

CORR* Belships ASA: Mandatory notification of transactions by primary insiders and close associates and disclosure of large shareholdings CORR* ATTACHEMENT ENCLOSED Oslo, 21 February 2025 Reference is made to the offer document dated 21 January 2025 issued by Blue Northern BLK Ltd. in respect of the recommended voluntary cash tender offer (the "Offer") to acquire all issued and outstanding shares (the "Shares") of Belships ASA ("Belships" or the "Company") against a cash consideration of NOK 20.50 per Share (the "Offer Price"). Reference is further made to the stock exchange announcement...

February 21, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch