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0DQB Belships Asa

4.88
0.00 (0.00%)
25 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Belships Asa LSE:0DQB London Ordinary Share NO0003094104 BELSHIPS ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.88 383 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Deep Sea Frn Trans-freight 424.36M 75.89M 0.2998 2.74 1.24B

Belships ASA: Sale of two Supramax vessels

10/05/2024 6:00am

UK Regulatory


Belships Asa (LSE:0DQB)
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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 efficient use of capital. The extraordinary return is mainly due to prudent contract coverage ensuring higher earnings compared to the spot market,” said Lars Christian Skarsgård, CEO of Belships ASA.

Including 10x newbuildings to be delivered between 2024-2028, the Belships fleet will count 38x vessels, and consist purely of Ultramax bulk carriers.

For further information, please contact Lars Christian Skarsgård, CEO, Belships ASA, phone +47 977 68 061 or e-mail LCS@belships.no

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


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1 Year Belships Asa Chart

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