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EuroDry Ltd. Announces Agreement to Acquire M/V Santa Cruz, a 2005-built Panamax Bulker

EuroDry Ltd. Announces Agreement to Acquire M/V Santa Cruz, a 2005-built Panamax Bulker

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it has agreed to acquire M/V Santa Cruz, a 76,440 dwt drybulk vessel built in 2005, for $15.75 million.

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Global Ship Lease announces new forward charter agreement

Global Ship Lease announces new forward charter agreement

Global Ship Lease, Inc. announced a forward agreement of a 48-52 month charter for the 8,600 TEU, 2004-built GSL Ningbo.

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Επανέναρξη της ακτοπλοϊκής σύνδεσης Κύπρου - Ελλάδας

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Το πρώτο δρομολόγιο της θαλάσσιας επιβατικής σύνδεσης Κύπρου-Ελλάδας πραγματοποιείται σήμερα με το επιβατηγό οχηματαγωγό πλοίο Daleela της εταιρείας Scandro Holding το οποίο ξεκίνησε δρομολόγιο το μεσημέρι από την Λεμεσό με προορισμό τον Πειραιά.

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MAN Energy Solutions and UGS Make Joint Decarbonisation Commitment

MAN Energy Solutions and UGS Make Joint Decarbonisation Commitment

Union of Greek Shipowners targets decarbonisation across value chain

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Diana Shipping Inc. announces the sale of a capesize dry bulk vessel, the m/v Baltimore

Diana Shipping Inc. announces the sale of a capesize dry bulk vessel, the m/v Baltimore

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell one of its dry bulk vessels,…

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Ιορδανία: Δεκατρείς νεκροί και 250 τραυματίες από έκρηξη τοξικού αερίου στο λιμάνι της Άκαμπα

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Της Γεωργίας Ερμίδη Δεκατρείς άνθρωποι έχασαν την ζωή τους και περίπου 250 τραυματίστηκαν όταν διέρρευσε σύμφωνα με τις πρώτες πληροφορίες αέριο χλώριο από μια δεξαμενή αποθήκευσης στο λιμάνι της Άκαμπα.

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Belships ASA: Refinancing two vessels with long term lease agreements

20 Ιανουαρίου 2022.

belships22Belships has entered into agreements to sell and lease back BELLIGHT and BELFOREST on bareboat charters for 10 and 11.5 years, respectively. The agreements come with options to repurchase the vessels at below current market levels.

There are no purchase obligations at the end of the agreements. The lease agreements have fixed interest rates for the entire period with an average cost of capital of about 4.4 per cent.

Net cash effect upon delivery will be about USD 14.0 million in total. Delivery into the new bareboat agreements is expected within Q1 2022. These agreements signal the competitive advantage Belships has in sourcing ship finance.

Belships has a uniform and modern fleet of bulk carriers well positioned to capitalise on a strong dry bulk market.

The Belships fleet consists of 27 Supra/Ultramax bulk carriers, with an average age of below 4 years and average cash breakeven of about USD 10 500.

Our strategy is to develop Belships as an owner and operator of geared bulk carriers, through quality of operations and pursue accretive growth opportunities for the purpose of maximising shareholder value. Based on current market expectations, we expect to generate significant free cash flow and aim to pay quarterly dividends as announced with our dividend policy.

Belships ASA press release

 

 

 

 

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