Norwegian dry bulk operator points to low order book after new deficit

Belships lost money for the second consecutive quarter, but the operator notes that the order book in dry bulk is at a historic low. "We are therefore more optimistic in terms of market prospects," says management.

Photo: Belships

Norwegian dry bulk operator Belships eyes a bright future even though its bottom line was negative for the second consecutive quarter.

Following a stream of strong results, the company has now been losing money for the past six months.

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