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Elkem Chartering News

14 Dec 2018

Bellships CEO Muller Resigns

Norway's bulk ship operator and management company Belships ASA announced that its chief executive officer (CEO)  Ulrich Müller has resigned.The board of directors of the Norwegian bulker owner stated in a press release that they will initiate the work with finding a new CEO immediately and Ulrich Müller will remain in his current position until a new CEO is in place."Belships has reached a crossroads and I feel like the time has come for others to take over the leadership of the Company. Belships is a great company and I wish the company and its skilled employees the best of luck in this next chapter" said Ulrich Müller.Ulrich Müller…

04 Jun 2017

Belships Signs Ultramax Deal with Imabari

Belships ASA, a bulk ship operator and management company, 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.   Belships operates three bulk ships in addition to managing additional 12 ships owned by Elkem Chartering, that Belships owns 50% of.

23 Feb 2004

Belships 4Q Results

Belships fourth quarter operating income was $18.98, versus $7.8 million in 4Q 2002. The company's operating result totaled $4.2m. The operating income and operating result were affected by a strong dry bulk market. The product carrier business generated an operating result of $133,000 in the fourth quarter. The gas carrier business generated an operating result of $740,000 in the same period. The improvement is primarily due to the fact that, because of previous write-downs, there was no depreciation posted for the quarter. The dry bulk business generated an operating result for the fourth quarter of $4.1m. The positive results of Elkem Chartering (EC) have already been reported.