Page 2 - Lighthouse Navigation News Today

Belships has signed agreements to acquire two modern Ultramax bulk carriers from undisclosed parties for $15.5m.

Norway-based Belships has agreed to purchase a 64,000dwt Ultramax bulk carrier that was constructed at a Japanese shipyard in 2020.

HIGHLIGHTS • Operating income of USD 229.5m (USD 76.4m) • EBITDA of USD 60.5m (USD 14.7m) including USD 22.6m from Lighthouse Navigation • Net result of USD 59.5m (USD 16.5m) • Declared ordinary dividend of USD 26.2m (NOK 1.00 per share) • Declared extraordinary dividend of USD 32.7m (NOK 1.25 per share) • TCE of ...

Belships reports its 1Q22 results next week. We were expecting the Ukraine-Russia war to have a more significant impact to the shipping rates due to Ukraine being top grain exporter, nevertheless, see the rates being resilient. Following the guidance, 1Q22 figures should be strong, while all the contracts signal for at least a couple of ...

Belships reported its 4Q21 results last week. While we were expecting the main Shipping segment to show record-high figures, as they eventually did, the Lighthouse Navigation segment was guided by the company to be lower QoQ, yet, the segment’s results were surprisingly higher. With dividends of NOK 0.9/sh proposed, extraordinary dividends for 1Q22 planned and ...

Highlights • Operating income of USD 235.2m (USD 59.9m) • EBITDA of USD 70.4m (USD 11.3m) including USD 22.9m from Lighthouse Navigation • Net result of USD 59.2m (USD 0.9m) • Declared dividend of USD 25.6m (NOK 0.90 per share) • Extraordinary dividend payment planned for Q1 2022 • Net TCE of USD 28 965 ...

Belships is reporting next Monday. The Lighthouse Navigation segment is hard to predict, although expected and guided significantly lower QoQ, but the shipping part should not disappoint. Despite some hiccups in the Supramax rates, they stay at an elevated level, while the company continues to sign 1-2 year fixed contracts. We updated our model with ...

We could have expected the record-high numbers to be reported for the Belship’s dry cargo shipping segment in the company’s 3Q21 report last week, but the Lighthouse Navigation segment more than surprised. The lag in Belships’ business signals for a very strong short-term future regardless of the negative rate development over the last few weeks. ...

This was the quarter full of records and all-time-highs for Belships and while the extreme Supramax rates signalled for strong Own Ships performance, tremendous figures from Lighthouse Navigation segment put the cherry on top. Strong results led to NOK 0.4/sh dividends, doubling our predictions. Very solid outlook remains as well and we will make upward ...

Belships presented solid results this morning, somewhat beating our expectations due to strong margins in the main Vessel segment. As we previously stated, it was a great timing to strengthen the fleet and the company starts bearing fruits of their bold decisions, as the market outlook remains very optimistic. In addition, quarterly dividends are expected ...