Safe Bulkers Inks Capesize Vessel Acquisition Deal


Safe Bulkers, Inc. has entered into an agreement for the acquisition of a 2012-built, Chinese, dry-bulk, 181,000 dwt, Capesize class vessel, to be named MV Michalis H, with a scheduled delivery date within May 2022, says a press release published on their website.

About the deal

The vessel will be acquired at a gross purchase price of $30.0 million and will be financed from the cash reserves of the Company.

Dr. Loukas Barmparis, President of the Company, commented: “We have further expanded in the Cape market segment acquiring our seventh vessel, at what we believe a competitive purchase price, utilizing our liquidity.”

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Source: Safe Bulkers Inc


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