Norway’s Belships has added another 63,000 dwt ultramax to its newbuilding programme at Japan’s Imabari Shipbuilding.
Belships says it has entered an agreement to charter in the vessel once it delivers in the first half of 2020. The charter is for a minimum of eight years, with two additional annual options. Belships also has purchase options from the end of the fourth year.
Belships now has two ultramax vessels under construction at Imabari, with two bulkers in the series already delivered. The two delivered ships were both sold to Japanese interests and leased back on long-term charters.
The next ultramax is set to be delivered in January 2018.