Safe Bulkers Signs Acquisition Deal For Kamsarmax Class Dry Bulker

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Safe Bulkers, Inc., an international provider of marine dry bulk transportation services, has agreed to acquire a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel with a scheduled delivery date within the first half of 2026.

The newbuild vessel is designed to meet the Phase 3 requirements of the Energy Efficiency Design Index related to the reduction of greenhouse gas emissions (“GHG-EEDI Phase 3”) as adopted by the International Maritime Organization, (“IMO”) and also comply with the latest NOx emissions regulation, NOx-Tier III (“NOx-Tier III”). This newbuild vessel is a sister vessel to several newbuilds in our order book with advanced energy efficiency characteristics resulting in lower fuel consumption.

The Company has already taken delivery of seven IMO GHG-EEDI Phase 3 – NOx-Tier III vessels. Including this agreement, the Company has an outstanding order book of eight newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries of three in 2024, two in 2025, two in 2026, and one in 2027, targeting one of the most environmentally efficient dry bulk fleets in the market.

Dr. Loukas Barmparis, President of the Company commented: “As part of our renewal strategy we have recently agreed to sell two of our vessels. This new build with relatively prompt delivery is consistent with our ESG strategy and reflects our ambition to be at the forefront of environmental developments.”

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Source: Safe Bulkers

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