Norway-based shipping company Belships has signed an agreement to acquire a second-hand Ultramax bulk carrier.
Built by a Chinese shipyard in 2017, the bulk carrier will be acquired in a cash and shares deal.
Belships has agreed to acquire the vessel for $21.75m, with 80% paid in cash and the remaining amount settled through the issuance of 4,988,000 new Belships shares to the seller. Each share will carry a price of Nkr7.5 ($0.88).
It is estimated that the cash breakeven for the ship upon...
https://www.ship-technology.com/news/belships-second-hand-ultramax-bulk-carrier/