Despite a marked drop in the dry cargo market in July, bulk shipping company Belships is confident about the year ahead, shows a half-year report indicating improvements.
The expectations stated in Belships’ interim report forecast spot rates for supra- and ultramax dry bulk vessels, of which Belships owns 31, to remain ”very profitable” in the second half of the year, and states that the carrier has covered 97% of its ship days in the third quarter at day rates of around USD 24,200.
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