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Belships fixes bulker pair on period deals – Splash247

Norwegian owner Belships has secured period time charter contracts with undisclosed clients for two of its bulk carriers, expected to commence in the first quarter of 2022.

The Oslo-listed firm has fixed one bulker between 11 and 13 months at $24,800 per day, while the second fixture will see one of its bulkers earn $21,400 per day between 21 and 24 months.

Belships said its contract coverage for 2022 now stands at 62% at an average rate of $22,900 net per day per vessel. 

The Oslo-listed firm has a fleet of 27 ships consisting of supramaxes and ultramaxes with an average age of less than 4 years. Earlier this month, it penned a sale and leaseback deal for two of its ultramax bulkers with a net cash effect of about $14m and an option to repurchase the vessels.

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