Belships ASA provides shipping transportation services in a global market with customers and partners in all parts of the world. Our Group’s business is managed from our office in Oslo.
Technical and crewing management is handled by V.Ships in Singapore. The previous company Belships Management Singapore was acquired by V.Group in 2023, see further information in the press release dated 10th July 2023. Commercial management is handled by Lighthouse Navigation, Bangkok and Norwegian Bulk Carriers AS, Oslo.
Including 12 newbuildings to be delivered between 2024-2028, the owned fleet consists of 41x very modern Ultramax bulk carriers with cash breakeven for 2023 of about USD 10 900 per day per vessel.
Based on current contract coverage, we expect to generate significant free cash flow and aim to pay quarterly dividends as announced with our dividend policy.
Good corporate governance and transparency is important, and we firmly believe it results in a more valuable business. Our goal is to create value out of shipowning and operating and to return capital to our investors competitively over time.
Norwegian Bulk Carriers AS – Dry bulk operating company
The main business for Norwegian Bulk is dry bulk operating. NBC also offers services within parcelling, ship agency and commercial management. Norwegian Bulk was founded in 2020 and has a strong financial and operational track record since inception. Belships ASA owns 67 per cent of Norwegian Bulk Carriers AS.
For further information please see www.norwegianbulk.com