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Belships acquires supramax from Wenaasgruppen

Norway’s Belships has added to its fleet with the acquisition of 2008-built 58,700 dwt supramax bulk carrier Viola.

Belships has acquired the Tsuneishi Cebu-built vessel from Wenaas Shipping, part of Wenaasgruppen, forking out $13m. The price is slightly above the VesselsValue market value of $12.1m.

The acquisition will be paid for half in cash and half with the issuing of over 8m shares in Belships.

Shortly after appointing new CEO Lars Christian Skarsgård late February, Belships arranged a new $110m loan of which $30m was earmarked for fleet growth.

Delivery of the Viola is scheduled for the second quarter 2019, growing the Belships fleet to a total of 16 supramax and ultramax bulkers.

According to VesselsValue, the sale leaves Wenaasgruppen with just two vessels in its fleet, a pair of panamaxes in joint venture company Mowinckel Bulk Carriers with Ludwig Mowinckels Rederi.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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