Fueling Efficiency: Safe Bulkers Sets Sail With State-Of-The-Art Phase 3 Vessel

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Mfame Editor
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Safe Bulkers, Inc. (NYSE: SB), a global marine drybulk transportation service provider, has recently announced its acquisition agreement for an 82,000 dwt Japanese Kamsarmax class vessel, scheduled for delivery in Q3 2026. The newbuild vessel adheres to the Energy Efficiency Design Index Phase 3 (GHG-EEDI Phase 3) and NOx Tier III emissions regulations, aligning with the company’s commitment to environmental, social, and governance (ESG) principles.

Fleet Renewal and Environmental Focus

The acquisition is in line with Safe Bulkers’ ESG strategy, reflecting a commitment to fleet renewal. The new build incorporates advanced energy efficiency features, contributing to lower fuel consumption and reduced greenhouse gas emissions. Safe Bulkers now has an outstanding order book of nine Phase 3 newbuild vessels, emphasizing its dedication to environmentally conscious shipping.

Company Overview and Forward-Looking Statements

Safe Bulkers operates a fleet of 46 vessels catering to the global transportation of bulk cargoes. With a diverse fleet and a focus on eco-friendly vessels, the company aims for gradual fleet renewal for operational and financial advantages. The forward-looking statements in the announcement highlight the company’s growth strategy, vessel acquisitions, and entering into additional time charters, acknowledging inherent uncertainties and contingencies in the industry.

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Source: SB

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