Belships Announces Acquisition of Ultramax Bulker

Capt. John

Belships inks an agreement for the acquisition of an Ultramax bulk carrier built in 2015 by a Japanese shipyard in a cash transaction, says a press release published on their website.

Vessel delivery & finance

Delivery

Delivery of the vessel is expected within October 2021.

Finance

The agreed purchase price is JPY 2.52bn (about USD 22.9m). The vessel is intended to be financed with bank financing for approximately 60 per cent of the purchase price.

The estimated cash breakeven for the vessel upon...

https://mfame.guru/belships-announces-acquisition-of-ultramax-bulker/

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