A market recovery for supramax and ultramax bulkers over the past three months has helped Norway's Belships record a smaller loss for the third quarter.
The Oslo-listed owner of supramax and ultramax bulkers recorded a net loss of $4.2m for the three-month period. That's better than the $14.5m it lost in the second quarter, when it took a hit from depressed freight markets and a hefty impairment charge.
