Belships traded at 20.35 this Monday March 31st. Looking back, over the last four weeks, Belships lost 0.49 percent. Over the last 12 months, its price fell by 4.91 percent. Looking ahead, we forecast Belships to be priced at 19.90 by the end of this quarter and at 18.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Belships ASA is a Norway-based owner and operator of dry bulk vessels. The Company’s activities are divided into two business segments: Dry Bulk and Technical Management. The Dry Bulk segment consists of supramax and ultramax dry bulk carriers chartered to Canpotex Shipping Services Ltd and Cargill International. The Dry Bulk fleet mostly transports semifinished industry products and operates worldwide. The Technical Management segment is engaged in technical operation activities through Belships Management in Singapore and in Tianjin and Shanghai in China. These units handle technical maritime operation for the Company and on behalf of other shipping providers. The Company’s major shareholder is Sonata AS.