Belships ASA secures ultramax newbuilding

Belships ASA has signed an agreement to charter in an Ultramax bulk carrier of 63,000 dwt to be delivered from Imabari Shipbuilding first half 2020. The charter period will be for minimum 8 years plus two yearly options, with purchase option from end of fourth year. 
Through this new agreement, Belships ASA will have four Ultramax bulk carriers with eco-design from Imabari Shipbuilding. Two ships are delivered and in service for Cargill and Canpotex respectively. The next newbuilding to be delivered in January 2018 and is presently unfixed.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.