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Safe Bulkers, Inc. to acquire Kamsarmax class vessel

Published by , Assistant Editor
Dry Bulk,

Safe Bulkers, Inc announced that it has entered into agreement for the acquisition of a Japanese, dry bulk, 82 000 DWT Kamsarmax class vessel with scheduled delivery date within 4Q23.

The new-build vessel is designed to meet the requirements of Energy Efficiency Design Index related to greenhouse gas, GHG emissions, ‘EEDI, Phase 3’ to comply with the NOx emissions regulation, NOx-Tier III and will be financed from the cash reserves of the company.

Including this agreement, the company has an orderbook of nine Japanese new-build vessels, with deliveries starting from 2Q22, three of which are Post-panamax class and six are Kamsarmax class vessels.

Dr. Loukas Barmparis, President of the Company commented: “We managed to develop one additional new-build, sister vessel to existing orderbook, with a relatively prompt delivery date for Japanese new-buildings.”

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Dry bulk shipping market