Belships ASA (DE:NS6) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Belships ASA is expanding its fleet with the acquisition of new and leased vessels, including the purchase of BELMAR for USD 25.5m and a Japanese-built Ultramax for USD 41.0m, with deliveries scheduled from Q4 2024 to Q1 2025. The company has also sold two Supramax vessels for USD 56.6m, boosting its cash position, and initiated a newbuilding program for 12 Ultramax bulk carriers, fully financed through lease agreements. Belships’ CEO highlights these steps as growth drivers, set to increase fleet and earnings potential by a third, without impacting dividend capacity.
For further insights into DE:NS6 stock, check out TipRanks’ Stock Analysis page.
