Belships is taking over an existing contract for a vessel already under construction whilst the orderbook and supply side approaches the lowest levels seen in 30 years. Belships’ fleet continues to increase and improve with only modest cash investments. Japanese-design Ultramax bulk carriers entering the fleet represent some of the highest quality and lowest fuel consumption vessels currently available in the market.
Belships has also entered into an agreement for a period time charter contract for one of its modern Ultramaxes of Japanese design for a period of approximately 22 - 24 months at a gross rate of US$26 250/d. The contract is expected to commence by the end of October 2021.
