Belships has entered into agreements for the acquisition of three new 64 000 Ultramax bulk carriers which are being constructed at Japanese shipyards. Delivery of each vessel is expected in Q4 2024,  Q4 2025 and Q1 2026. The vessels are fully financed through time charter lease agreements, each for a period of 7 up to 10 years, with purchase options at current market levels during the charter. There is no obligation to purchase the vessels. Belships is not required to make any down payment for this transaction.

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