Norwegian dry bulk owner Belships says that commodity giant Cargill has extended the charter of 2015-built ultramax Belforest for a period of 11-13 months.
for a period of 11-13 months.The new charter, which commences October 3, will generate around $2m over the life of the contract indicating a significantly higher rate than the original charter.
The Imabari-built Belforest has been on charter to Cargill since it was delivered in September 2015. Around the same time, Belships wrapped up a sale and leaseback deal for the vessel with a Japanese counterparty. The 12-year deal gives Belships purchase options after the third year.
Belships also has 2011-built supramax Belocean on charter to Cargill at an average net rate of $3,750 per day.
