Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Belships lands $140m loan facility

0d66397a13ab0960eb486ba553654373
The Belships Group has secured a $140m loan facility to strengthen its working capital and for fleet expansion.

The new loan, to be made available over two tranches, will see $110m go to replacing Belships existing loan and strengthen the group’s working capital and $30m for fleet expansion.

Belships currently owns 12 supramax and ultramax dry bulk carriers. The group also operates three ultramax on time and bareboat charter with purchase options. An ultramax newbuilding to be delivered next year will bring the fleet to a total of 16 ships.

“Belships is actively pursuing an expansion strategy and expects to acquire additional supramax and/or ultramax vessels going forward,” Belships said.

newsletter

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish