Belships introduced has expanded its newbuild program with two new 64,000 dwt Ultramax bulk carriers scheduled for supply in 2028.
The Norwegian-based firm now has a complete of 10 newbuilds below development at Japanese shipyards with supply between 2024 and 2028. All vessels are leased on time constitution for a interval of seven to 10 years from supply, with buy choices round present market ranges. There is not any obligation to buy any of the vessels. Cash breakeven for the vessels upon supply is about $14,250 per day on common.
Belships stated will probably be taking on new vessels whereas the orderbook and provide aspect within the dry bulk market approaches the bottom ranges in many years.
“These newbuildings represent growth prospects for the company packaged with financing which solves the predicament of very long lead times for new ships without jeopardizing return on capital in the meantime. The acquisitions will also contribute to retaining a low and competitive cash break-even in the future as the fixed-cost structure for the newbuildings will blend with existing vessels with lower leverage or free of debt,” stated Lars Christian Skarsgård, CEO of Belships ASA.
