Safe Bulkers, Inc. Announces Sale Of A 2004-Built Panamax Class Dry-Bulk Vessel

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Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine dry bulk transportation services, announced today that it has agreed to the sale of MV Katerina, a 2004 Japanese built, Panamax class, dry-bulk vessel at a gross sale price of $10.2 million, reports Yahoo.

2004-Built Panamax Class Dry-Bulk Vessel

The vessel will be delivered to her new owners within December 2023.

Dr. Loukas Barmparis, President of the Company, commented: “MV Katerina, the oldest vessel in our fleet was sold as part of our renewal strategy. The Company’s remaining order book includes eight more Phase 3 newbuilds, two of which are methanol dual fuel, to be delivered by Q1-2027, targeting one of the most environmentally efficient dry bulk fleets in the market.’’

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Source: Yahoo