Oslo-listed Belships has also wrapped up financing for its three trading vessels as it focuses exclusively on the dry trade.

Ulrich Muller-led Belships says it has taken the 61,000-dwt newbuilding on an eight year contract, with purchase options starting half way through. It will be delivered in early 2017.

It tells investors it will pay JPY 2.91b ($27.9m) should the option be taken at the earliest opportunity.