Belships loses more than two thirds of profit in weak market

The dry cargo shipping company’s results are boosted by long contracts for its vessels in a ”capricious” dry cargo market
Belships timecharter-rater lå i tredje kvartal på 17.905 dollar per skib dagligt. | Photo: Belships
Belships timecharter-rater lå i tredje kvartal på 17.905 dollar per skib dagligt. | Photo: Belships

Norwegian dry cargo shipping company Belships has taken a hit to its bottom line with a net profit of $15.3 million, approximately DKK 197 million, in the third quarter.

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