Belships signs sale and leaseback deal with Japanese company

Belships signs sale and leaseback deal with Japanese company

Norwegian supramax specialist Belships has announced that it has entered into a sale and leaseback agreement with a Japanese counterpart for 61,000dwt bulk carrier Belforest.

The vessel is currently under construction at Imabari Shipbuilding in Japan and will be sold and leased back for a period of 12 years, with purchase options from year three. The vessel is scheduled for delivery towards the end of this month.

According to Belships, the transaction will improve its cash balance by about $4m once the vessel is delivered.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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