In June Belships ordered two 61,000 dwt ships at Imabari for delivery in 2015 and 2016 adding to the long term lease it signed in January for a 63,000 dwt vessel due for delivery in 2017. Offers have been received to fund the newbuilding programme, but as yet nothing has been agreed.
The company's operating income fell to $5.2m from $6.3m in Q2 2013, owing to the redelivery of the Belaia to J Lauritzen in March 2014.
Belships' three vessels remain on long term charter with Canadian potash exporters Canpotex at a net time charter rate of $16,000 per day. Other than the Belstar's 18 days out for its routine five year drydocking, the fleet had no significant off-hire in the quarter.
Looking at the wider market the company saw encouraging underlying figures, with seaborne dry bulk trade expected to grow 6-7% in 2014 and 2015, while a reduction in deliveries sees an overall fleet growth around 4-5% taking into account demolitions.
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