reports
Belships ASA: Amendment of Term Loan Facility
Belships ASA: Amendment of Term Loan Facility Belships has agreed to amend a USD 90m Term Loan Facility for six vessels, which is the only senior secured bank loan in the company today. Four vessels will remain debt free. The Loan Facility has an interest rate of SOFR+195 bps which is 55 bps lower than the previous facility. The loan matures in May 2029 and the first instalment is due in 2025. Furthermore, a new undrawn Accordion Tranche of USD 100m will be available. Lenders for the Loan Facility are DNB Bank, Nordea and Sparebank 1 SR-Bank. For...
Belships ASA: Change in ownership of Lighthouse Navigation
Belships ASA: Change in ownership of Lighthouse Navigation Belships has entered into an agreement to divest its stake of 50 per cent in Lighthouse Navigation Pte Ltd against a cash consideration which will be paid to Belships over the next 15 months. As part of the transaction, Belships has acquired 33 per cent of the shares in Lighthouse Navigation Management AS, increasing Belships’ ownership to 67 per cent. Closing of the transaction has been completed. “Ever since incorporation Lighthouse Navigation has been a success story, and this ownership change is to focus and simplify Belships’ ...
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
Belships ASA: Fleet Expansion
Belships ASA: Fleet Expansion Belships has expanded its newbuilding program with two new 64 000 dwt Ultramax bulk carriers which will be delivered in 2028. The vessels are leased on similar terms as previously announced transactions, and Belships is not required to make any down payments for these vessels. The agreements are conditional upon certain steps to be completed by the parties involved. Belships now has a total of 10x newbuildings under construction at Japanese shipyards with delivery between 2024 and 2028. All vessels are leased on time charter for a period of 7 to 10 years from ...
Belships ASA: Notice of Annual General Meeting 2024
Belships ASA: Notice of Annual General Meeting 2024 The Annual General Meeting will be held on 8 May 2024 at 11:00 CEST. The meeting will be held as a digital meeting and can be accessed using the following link: Notice, registration/proxy form and relevant attachments are included in this message and will also be made available on , together with a guide for attendance of the digital meeting. The Company kindly ask that shareholders who have still not consented to electronic communication from Euronext Securities Oslo, update their communications information as described in the atta...
Belships ASA: Annual Report 2023
Belships ASA: Annual Report 2023 Oslo, 11 April 2024 The Board of Directors of Belships ASA has approved the annual accounts for 2023. Today, both the Annual Report 2023 and the ESG Performance Report have been published. “We are pleased to present you with our Annual Report for 2023 which represents a year of solid profitability, with a net result of USD 86m and dividends to the shareholders totalling USD 56m. We maintained a high degree of contract coverage which reduced short-term risks and we continued to develop and expand our fleet for the future,” says Belships’ Chairman and CEO ...
Belships ASA: Mandatory notification of trade
Belships ASA: Mandatory notification of trade Oslo, 27 February 2024 AS Torinitamar, which is closely associated with Lars Christian Skarsgård, CEO in Belships ASA, has today acquired 50 000 shares in Belships ASA at a price of NOK 20.61 per share. After the acquisition Skarsgård and AS Torinitamar combined own 950 000 shares and 5 000 000 options in Belships ASA. See further details in the attached form. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19. Attachment
Belships ASA: Key information relating to the cash dividend to be paid...
Belships ASA: Key information relating to the cash dividend to be paid by Belships ASA Oslo, 19 Februray 2024 Please note, the dividend distribution of NOK 0.60 will be made in two separate payments: The first of NOK 0.425 will be made from previously paid in capital with payment date 29 February 2024. The second of NOK 0.175 will be made as an ordinary dividend with payment date 1 March 2024. Dividend amount 1: NOK 0.425 per share Dividend amount 2: NOK 0.175 per share Declared currency: NOK Last day including right: 21 February 2024 Ex-date: 22 February 2024 R...
Belships ASA: Distribution of dividend of NOK 0.60 per share
Belships ASA: Distribution of dividend of NOK 0.60 per share Oslo, 19 February 2024 At a board meeting on 16 February 2024, the Board of Directors of Belships ASA resolved to distribute a dividend of NOK 0.60 per share, in total NOK 151 882 000, based on the Company's net profit for the 2022 financial year. The decision is based on an authority granted by the Company's general meeting on 8 May 2023. An announcement of key information will be published separately. For further information, please contact Lars Christian Skarsgård, Belships CEO, phone or email This information is subject...
Belships ASA: Report 4th quarter 2023
Belships ASA: Report 4th quarter 2023 STRONG RESULTS, IMPROVED OUTLOOK HIGHLIGHTS EBITDA of USD 40.8m including USD 9.6m from Lighthouse NavigationNet result of USD 22.6m Declared dividend of NOK 0.60 per share TCE of USD 18 449 gross per day for owned fleet – 30 per cent outperformance of BSI58Prepaid USD 13.2m of bank debt – increasing the number of debt free vessels 81 per cent of ship days in Q1 2024 are fixed at USD 17 000 gross per day42 per cent of ship days in the next four quarters are fixed at USD 16 700 gross per dayCash breakeven for 2024 of about USD 10 900 per day per ve...
Belships ASA: Key information relating to the cash dividend to be paid...
Belships ASA: Key information relating to the cash dividend to be paid by Belships ASA Oslo, 9 November 2023 The distribution will be made from previously paid in capital. Dividend amount: NOK 0.45 per share Declared currency: NOK Last day including right: 10 November 2023 Ex-date: 13 November 2023 Record date: 14 November 2023 Payment date: 22 November 2023 Date of board resolution: 8 November 2023 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
Belships ASA: Distribution of dividend of NOK 0.45 per share
Belships ASA: Distribution of dividend of NOK 0.45 per share Oslo, 9 November 2023 At a board meeting on 8 November 2023, the board of directors of Belships ASA resolved to distribute a dividend of NOK 0.45 per share, in total NOK 113 911 500, based on the Company's net profit for the 2022 financial year. The decision is based on an authority granted by the Company's general meeting on 8 May 2023. An announcement of key information will be published separately. For further information, please contact Lars Christian Skarsgård, Belships CEO, phone or email This information is subject t...
Belships ASA: Report 3rd quarter 2023
Belships ASA: Report 3rd quarter 2023 SOLID RESULTS IN CHALLENGING MARKETS, FURTHER GROWTH IN THE PIPELINE HIGHLIGHTS EBITDA of USD 33.0m Net result of USD 15.3m Declared dividend of NOK 0.45 per share TCE of USD 17 905 gross per day for owned fleet – 78 per cent outperformance of marketAdded 2x Ultramax newbuildings with delivery 2026-27, zero cash investedPrepaid USD 13.2m of bank debt – two debt free vessels in the fleet87 per cent of ship days in Q4 2023 are fixed at USD 17 800 gross per day42 per cent of ship days in the next four quarters are fixed at USD 17 800 gross per dayCash br...
Belships ASA: Mandatory notification of trade
Belships ASA: Mandatory notification of trade Oslo, 29 August 2023 AS Torinitamar, which is closely associated with Lars Christian Skarsgård, CEO in Belships ASA, has today acquired 30 100 shares in Belships ASA at a price of NOK 15.90 per share. After the acquisition Skarsgård and AS Torinitamar combined own 900 000 shares and 5 000 000 options in Belships ASA. See further details in the attached form. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19. Attachment
Belships ASA: Mandatory notification of trade
Belships ASA: Mandatory notification of trade Oslo, 21 August 2022 AS Torinitamar, which is closely associated with Lars Christian Skarsgård, CEO in Belships ASA, has today acquired 25 000 shares in Belships ASA at a price of NOK 16.62 per share. After the acquisition Skarsgård and AS Torinitamar combined own 869 900 shares and 5 000 000 options in Belships ASA. See further details in the attached form. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19. Attachment
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