Norway’s Belships has snapped up another ultramax bulk carrier under construction in Japan lifting its fleet to 35 ships.
The 64,000 dwt newbuild should deliver in the fourth quarter of 2025 or the first quarter of 2026. The vessel is financed on a similar structure as the ultramax trio acquired in February – through time charter lease agreements, each for a period of seven up to 10 years, with purchase options during the charter.
The Lars Christian Skarsgård-led supramax and ultramax owner said it is not required to make any down payments or obliged to purchase the vessels. Cash breakeven for the vessels upon delivery will be about $14,000 per day.
“We are able to increase our fleet again without investing any cash, this will therefore not affect our dividend capacity,” said CEO Skarsgård.
