Belships sold supramax

Oslo listed shipowner and operator Belships sold supramax bulk carrier as bareboat-sale deal. Belships bareboat charter 2006 built supramax bulk carrier 50K DWT MV Beleast and then sold to the same counter-party, Istanbul based Marti Shipping & Ship Management. Marti Shipping & Ship Management has agreed to take MV Beleast on charter with an obligation to buy the ship within two (2) years. Lars Christian Skarsgard led Belships stated that bareboat charter is due to begin in Q4 2019 and will write a gain of about $4 million. Net cash flow during the period will be approximately $3.5 million after repayment of outstanding loans. After the sale of MV Beleast, Norwegian shipowner and operator Belships left with a fleet of 22 supramax and ultramax bulk carriers including newbuildings.