Brief: Belships Sells Ultramax Bulk Carrier Built Belvedere

Belships ASA

05/06/2023 06:09

June 5 (Reuters) - Belships ASA  BELCO.OL :
    * COMMERCIAL UPDATE
    * AGREEMENT FOR SALE OF BELVEDERE, AN ULTRAMAX BULK CARRIER BUILT IN 2015
    * DELIVERY IS EXPECTED TO OCCUR WITHIN Q3 2023
    * SALES PRICE IS SLIGHTLY ABOVE BOOK VALUE
    * CASH PROCEEDS WILL BE ABOUT USD 10.0M AFTER REPAYMENT OF OUTSTANDING LOAN
    * CO'S FIXED-RATE CONTRACT COVERAGE FOR NEXT FOUR QUARTERS STANDS AT 78 PER CENT AT A GROSS
RATE
OF USD 18 300 PER DAY PER VESSEL

Source text for Eikon:  ID:nGNE2yXllH 
Further company coverage:  BELCO.OL 

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