Strong dry bulk market materializes in quarterly result for Belships

Norwegian dry bulk carrier Belships lands a net result of USD 16.5 million in the first quarter after a loss-making 2020. A cold winter and rising demand for raw materials has led to increased freight volumes, informs the company.

Photo: Belships

The optimistic announcements made in connection with Belships' loss-making 2020 report a little over a month ago have now materialized into black numbers on the bottom line, shows a press release on the Norwegian dry bulk carrier's first quarter.

So far, the dry bulk market has seen remarkable progress in 2021, with increasing freight rates and volumes.

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