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Safe Bulkers has announced the sale of a panamax vessel

Published by , Editorial Assistant
Dry Bulk,


Safe Bulkers, Inc. has announced that it has entered into an agreement for the sale of MV Katerina, a 2004 Japanese built, panamax class, dry-bulk vessel at a gross sale price of US$10.2 million.

The vessel will be delivered to the new owners within December 2023.

The Company has a current fleet of 46 vessels, consisting of 11 panamax, nine kamsarmax, 18 post-panamax and eight capesize vessels, with an aggregate carrying capacity of 4.6 million DWT and an average age of 10.5 years.

Dr. Loukas Barmparis, President of the Company commented: “MV Katerina, the oldest vessel in our fleet was sold as part of our renewal strategy. Our company’s remaining orderbook includes eight more Phase three newbuilds, two of which are methanol dual fuel, to be delivered by Q1-2027, targeting one of the most environmentally efficient dry bulk fleets in the market.”


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Read the article online at: https://www.drybulkmagazine.com/shipping/15112023/safe-bulkers-has-announced-the-sale-of-a-panamax-vessel/

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Dry bulk shipping market Panamax news