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Safe Bulkers, Inc. announces sale of Panamax vessel

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Dry Bulk,

Safe Bulkers, Inc., an international provider of marine dry bulk transportation services, announced that in relation to its fleet renewal strategy, it has entered into an agreement for the sale of MV Koulitsa, a 2003-built, Panamax class, dry bulk vessel at gross sale price of US$13.6 million and forward delivery date within the fourth quarter of 2021.

Dr. Loukas Barmparis, President of the Company commented: “The MV Koulitsa will be replaced by the previously announced acquisition of the 2013-built, Panamax class, dry bulk vessel to be named MV Koulitsa 2, purchased at a price of US$22 million with an expected delivery within July 2021, which has already been chartered at a gross daily charter rate of US$24 000 for a period of 12 months. This transaction concludes the sale of all our vessels built prior to 2004.”

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