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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 ...