Safe Bulkers sells two bulkers and brings in two newbuilds

Image: Safe Bulkers.
Image: Safe Bulkers.

As part of its fleet renewal strategy, NYSE-listed Safe Bulkers, has offloaded two older vessels and bought two new bulkers.


Safe Bulkers has acquired two newbuild Japanese-built post-panamaxes. The new vessels are set for delivery within the first and second quarter of 2023.

The company has also just sold two 2012 Chinese-built kamsarmaxes, fetching $22.5m and $22m. The newbuild vessels are designed to meet the requirements of EEDI phase 3 and will be financed from the cash reserves of the company.

“Safe Bulkers is continuing its renewal strategy since December 2020, by ordering two additional newbuilds with attractive delivery dates, bringing their total number to four GHG – EEDI Phase 3, NOx-Tier III newbuilds and one second hand acquisition and by selectively selling in total of four older vessels.

“At the same time the Company is accelerating its deleveraging, maintaining a strong liquidity position,” said Loukas Barmparis, Safe Bulkers’ president.

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