Kamsarmax Class Dry-bulk Vessel To Be Sold

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  • Safe bulkers to sell their vessel for $26.6 million.
  • They aim to create a highly eco-friendly dry bulk fleet.
  • statements regarding the company’s growth strategy, vessel acquisitions, and time charters were mentioned.

Safe Bulkers, Inc. has agreed to sell the MV Pedhoulas Cherry, a 2015 Chinese-built vessel, for $26.6 million, expecting its delivery between January and February 2024. This decision aligns with their strategy as they receive new Phase 3 builds, and reports a press release on safebulkers.

Newbuild Deliveries

 The company’s upcoming fleet includes seven Phase 3 new builds, emphasizing environmental efficiency. Among these, two vessels will use methanol dual fuel, aiming to create a highly eco-friendly dry bulk fleet.

Company Profile

 Safe Bulkers, Inc. specializes in marine drybulk transportation services, moving bulk cargoes like coal, grain, and iron ore globally. Their fleet consists of 47 vessels with a combined carrying capacity of 4.7 million dwt, maintaining an average vessel age of 10.5 years.

Fleet Composition

 Their fleet comprises various vessel types: 11 Panamax, 10 Kamsarmax, 18 Post-Panamax, and 8 Capesize vessels. Notably, they possess eco-ships built after 2014 and seven vessels meeting IMO GHG Phase 3 – NOx Tier III standards built from 2022 onwards.

Stock Listings

 The company’s common stock, series C preferred stock, and series D preferred stock are listed on the NYSE under the symbols “SB,” “SB.PR.C,” and “SB.PR.D” respectively.

Forward-Looking Statements

 The press release includes forward-looking statements regarding the company’s growth strategy, vessel acquisitions, and time charters. While the company believes in the reasonableness of these expectations, they caution about uncertainties and risks, including market demand changes and international operational challenges, impacting actual results.

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Source: Safebulkers

 

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