Safe Bulkers Signs Deal for Three Kamsarmax Dry-bulk Trio

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The Safe Bulkers, Inc. has entered into agreements for the acquisition of three Japanese dry-bulk 82,000 dwt, Kamsarmax class vessels at attractive prices, reads a press release by the company.

The scheduled delivery dates fall within the fourth quarter of 2023 for one vessel and within the first quarter of 2024, for the other two vessels.

Vessels with emissions compliance

All three new-build vessels are designed to meet the Phase 3 requirements of the Energy Efficiency Design Index related to Green House Gas emissions, (GHG-EEDI, Phase 3) and also comply with the latest NOx emissions regulation, (NOx-Tier III) and will be financed from the cash reserves of the Company.

Fleet renewal

Dr. Loukas Barmparis, President of the Company, commented: “We are continuing our fleet
renewal strategy, by ordering three additional vessels, bringing the total number of newbuilds to eight GHG-EEDI Phase 3, NOx-Tier III. In parallel, the Company has already acquired two younger second-hand vessels. Newbuild orders and secondhand acquisitions are in the context of our strategy to replace older or Chinese-built vessels, six of which have been sold until now.”

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Source: SafeBulkers