)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Belships
Belships (BELCO) investor relations material
Belships has been delisted
Belships Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary11 Feb, 2025
Executive summary
Q4 2024 EBITDA reached USD 19.4m, with a net result of USD 7.5m, and no dividend declared.
A voluntary cash offer for all shares at NOK 20.5 per share was announced, with a 29.4% premium and 68.43% of shareholders pre-accepting; the board unanimously recommends the offer.
The offer is supported by a fairness opinion from Nordea Bank.
Financial highlights
Q4 2024 gross freight revenue was USD 86.3m; net freight revenue was USD 65.2m.
EBITDA for Q4 2024 was USD 19.4m; net result was USD 7.5m.
Cash and cash equivalents at year-end totaled USD 100.2m; interest-bearing debt at USD 525.3m.
Earnings per share for Q4 2024 were USD 0.03, down from USD 0.09 in Q4 2023.
Full-year EBITDA was USD 107.0m, down from USD 157.6m in 2023.
Outlook and guidance
72% of Q1 2025 ship days are fixed at USD 13,600 per day; 27% of the next four quarters at USD 14,350 per day.
Spot market rates for Ultramax vessels started 2025 weak at USD 9,000/day but are expected to improve in Q2.
FFA market indicates an average of USD 13,500/day for the rest of 2025.
Twelve Ultramax newbuildings scheduled for delivery between 2025 and 2028.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Belships
- Strong Q4 earnings, firm coverage and improving dry-bulk markets supported dividend expectations.BELCO
Q4 2023 - Q3 profit and dividends strong, with high contract coverage despite market uncertainty.BELCOQ3 2024
- Strong Q2 earnings, high contract coverage, and strategic fleet expansion drive future growth.BELCOQ2 2024
Belships
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Belships ASA is a Norway-based fully integrated shipowner and operator specializing in dry bulk carriers. The company operates a modern fleet of Supramax and Ultramax vessels, catering to shipping transportation needs across the global market. Belships' operations are strategically managed from its offices located in Oslo, Bangkok, and Singapore, ensuring comprehensive service coverage for its customers and partners worldwide. The company is focused on providing efficient and reliable shipping solutions, leveraging its extensive fleet and international presence to meet the diverse requirements of the dry bulk transportation sector. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.