Bulk

Long contracts keep Belships' earnings afloat

Top and bottom lines once again dip for the Norwegian dry bulk carrier in the second quarter. However, Belships has secured a large part of its earnings from time charter agreements into 2024.
Photo: Belships
Photo: Belships
by DAG HOLMSTAD

Belships has tied its vessels to contracts well into the first quarter of 2024 at freight rates well above both market index and breakeven for the individual vessels.

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