reports
Belships ASA: Sale of two Supramax vessels
Belships ASA: Sale of two Supramax vessels Belships has entered into agreements for the sale of BELFRIEND and BELTIDE, Supramax bulk carriers built in 2016, for a price of USD 28.3m per vessel. Delivery is expected to occur within Q3 2024 and the Company will realise a gain of approximately USD 3m per vessel. Both vessels are free of debt, therefore total cash proceeds to the company will be USD 56.6m. “Belships acquired these two vessels in 2021 and the investment has yielded a return on equity of more than 100 per cent, displaying our ability to source accretive transactions and efficie...
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
Belships ASA: Minutes of Annual General Meeting
Belships ASA: Minutes of Annual General Meeting The Annual General Meeting in Belships ASA was held today 8 May 2024. All matters were approved as set out in the Notice of Annual General Meeting.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment
Belships ASA: Mandatory notification of trade
Belships ASA: Mandatory notification of trade Oslo, 8 May 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 24.63 per share. After the acquisition Skarsgård and AS Torinitamar combined own 1 000 000 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
- Jørgen Lian
Klaveness Combination Carriers (Buy, TP: NOK137.00) - Harvesting stead...
The Q1 report revealed strong operations to maximise the value of the company’s unique three-legged market position, providing attractive exposure to upside potential in strong shipping markets, while diversifying possible downside risk. Bulkers and tankers are seeing a constructive supply story over the coming years, while regulations monetise KCC’s unrivalled efficiency. Thus, we find KCC remains undervalued and we reiterate our BUY. We have raised our target price to NOK137 (124).
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
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, 8 May 2024 The distribution will be made as an ordinary dividend. Dividend amount: NOK 0.60 per share Declared currency: NOK Last day including right: 13 May 2024 Ex-date: 14 May 2024 Record date: 15 May 2024 Payment date: 23 May 2024 Date of board resolution: 7 May 2024 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Belships ASA: Distribution of dividend of NOK 0.60 per share
Belships ASA: Distribution of dividend of NOK 0.60 per share Oslo, 8 May 2024 At a board meeting on 7 May 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 to the disc...
Belships ASA: Report 1st quarter 2024
Belships ASA: Report 1st quarter 2024 SIMPLIFYING THE BUSINESS AND 100 PER CENT PAYOUT HIGHLIGHTS EBITDA of USD 31.3m including USD 4.7m from Lighthouse NavigationNet result of USD 15.7mDeclared dividend of NOK 0.60 per share – 100 per cent pay out due to solid cash positionTCE of USD 16 731 gross per day for owned fleet – 29 per cent outperformance of BSI-58Prepaid USD 13.5m of bank debt – increasing the number of debt free vessels to four74 per cent of ship days in Q2 2024 are fixed at USD 16 700 gross per day43 per cent of ship days in the next four quarters are fixed at USD 16 50...
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
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...
- Jørgen Lian
Yard response and dry bulk qualms
Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
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
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
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