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Belships ASA
Company type
Private
IndustryShipping
Founded1918
HeadquartersOslo, Norway
Key people
Christen Smith (founder), Lorentzen family (owners 1937–2018), Sverre J Tidemand (CEO),
Asbjørn Larsen (Chairman)
RevenueUS$51 million (2006)
$7 million (2006)
Owner
Number of employees
154 (2021) Edit this on Wikidata
Websitewww.belships.com

Belships is a private bulk carrier operator and ship management company with head offices in Oslo, Norway and a management subsidiary in Singapore.[1] Belships manages a fleet of 42 ultramax bulk carriers, of which 10 are yet due for delivery as of August 2025.[2]

Christen Smith founded the company in 1918 as Skibsaktieselskabet Christen Smiths Rederi, a pioneering heavy lift specialist.[3] In 1937 the company was restructured, the brothers Axel, Frithjof and Jørgen Lorentzen took a controlling share and the company became listed on the Oslo Stock Exchange.[4]

In the 1960s the company changed its specialism from heavy lift to bulk cargo. In 2018 Belships merged with the Lighthouse companies and the Lorentzen family ended its involvement with the company.[4]

In 2025 Belships was acquired in a voluntary cash offer and subsequently delisted from the Oslo Stock Exchange. 74.99% of the company are now owned by Blue Ocean Funds, an investment fund managed by EnTrust Global, with the remaining 25.01% held by German shipping company F. Laeisz.[5][6]

References

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  1. ^ "Belships Management (Singapore) Pte Ltd". Archived from the original on 2019-12-31. Retrieved 2019-12-31.
  2. ^ Ajdin, Adis (2025-08-12). "Belships sheds four ultramaxes in $84m sale". Splash247. Retrieved 2026-01-12.
  3. ^ Dunn 1973, p. 191.
  4. ^ a b "A Voyage between Crises and Successes". Belships. Retrieved 31 December 2019.
  5. ^ "Norway's Belships resumes acquisitions with 2023-built Ultramax bulker". Riviera. Retrieved 2026-01-12.
  6. ^ Ajdin, Adis (2025-04-11). "F. Laeisz revealed as Belships co-investor". Splash247. Retrieved 2026-01-12.

Bibliography

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  • Dunn, Laurence (1973). Merchant Ships of the World in Colour 1910–1929. London: Blandford Press Ltd. ISBN 0-7137-0569-8.
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