Low freight markets translated to weaker third-quarter results for Belships, but it has still paid out more than two-thirds of its net earnings in dividends.
The Oslo-listed bulker owner reported a net profit before tax of $15.3m, down from $49.8m a year ago. Earnings per share fell to $0.06 from $0.20 year on year.
Revenue shrank to $89.8m
