Belships Announces Acquisition of Ultramax Bulker

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 of the vessel is expected within October 2021.


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...

Oldendorff Fleet Acquires 4 New Vessels

Earlier this year Oldendorff Carriers ordered two 61 300 Ultramax new-builds for delivery July 2022 and acquired two 93 000 DWT Post-panamaxes in separate transactions, reports Dry Bulk Magazine. The Ultramaxes

The 61 300 Ultramaxes will be delivered from Dalian Cosco Kawasaki Ship Engineering Co Ltd (DACKS) in July 2022 and are of the Kawasaki eco design, of which Oldendorff had previously built nine units at DACKS and sister yard NACKS until 2019. The vessels feature Masada/Mitsubishi cranes,...

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