Brief: Belships Acquires And Divests Vessels

Belships ASA

25/05/2022 14:14

May 25 (Reuters) - Belships ASA  BELCO.OL :
    * NEW ACQUISITION AND DIVESTMENT OF VESSEL
    * ENTERED INTO AN AGREEMENT FOR ACQUISITION OF A MODERN 64
000 DWT
ULTRAMAX BULK CARRIER BUILT AT A JAPANESE SHIPYARD IN 2020
    * VESSEL IS FINANCED THROUGH A TIME CHARTER LEASE AGREEMENT
FOR A
FIXED PERIOD OF ABOUT 5 YEARS WITH OPTIONS TO EXTEND FOR A
FURTHER 3 YEARS
    * BELSHIPS WILL PAY A TOTAL OF USD 6.0M PRIOR TO DELIVERY OF
VESSEL
    * DELIVERY OF VESSEL IS EXPECTED WITHIN Q2 2022
    * CASH BREAKEVEN FOR VESSEL UPON DELIVERY WILL BE ABOUT USD
11 600
PER DAY
    * BELSHIPS HAS ENTERED INTO AN AGREEMENT FOR SALE OF
BELPAREIL
    * COMES WITH TIME CHARTER CONTRACT EMPLOYMENT FOR ABOUT
10-12
MONTHS AT A GROSS RATE OF USD 30 000 PER DAY
    * DELIVERY OF BELPAREIL IS EXPECTED TO OCCUR WITHIN JULY
2022 AND
BELSHIPS WILL REALISE A GAIN OF APPROXIMATELY USD 10.0M IN Q3
2022

Source text for Eikon:  ID:nGNEbtWfgS 
Further company coverage:  BELCO.OL 

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