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Belships seals deal to purchase Japanese-built Ultramax bulk vessel

Norwgian dry bulk operator Belships expands its fleet with an Ultramax vessel and expects to receive five newbuilds in the third quarter of 2021.

Photo: Belships

Norwegian dry bulk operator Belships has concluded a purchase agreement for a Japanese-built Ultramax bulk vessel from 2015, priced at USD 23 million.

60 percent of the purchase is financed through loans, and will break even with a daily rate of USD 9,500, including operating costs, writes Belships in a press release.

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