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Imabari emerges as major shareholder in Belships

The Higaki family, who own Japan’s largest shipbuilder, Imabari, as well as shipping line Shoei Kisen Kaisha, has emerged as the fourth largest shareholder in Oslo-listed dry bulk concern, Belships.

Citing a recent Pareto report, Norwegian business daily Finansavisen is reporting Imabari, which Belships has contracted to build a number of ships, now controls 7% of the supramax and ultramax specialist. Finansavisen reports that Belships is paying for some of its orderbook with Imabari in shares.

The largest shareholder in Belships remains Frode Teigen, the former chairman and CEO, with a 62.8% holding.

Including newbuilds, the Belships website states the company has 24 ships totalling 1.46m dwt.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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