Norway's Belships has added to its list of acquisitions again by signing a letter of intent for an ultramax bulker that will be delivered at the end of this year.
The Oslo-listed shipowner said the 61,000-dwt vessel is being built to a Japanese design at an unidentified shipyard in China and will be financed through a seven-year bareboat charter.
The agreement comes with purchase options for the vessel at "below current market values", which can be exercised after the third year of the charter, but Belships said there...
