Belships is passing on the proceeds from the sale of two debt-free supramax bulkers to its investors in the form of an extraordinary dividend.
The Oslo-listed ultramax owner sold the 57,700-dwt Belfriend and Beltide (both built 2016) in May for $28.3m each.
It will book a gain of $3m on each ship in the third quarter, with cash proceeds totalling $56.6m.