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Safe Bulkers, Inc. announces agreement for acquisition of capesize dry bulk vessel

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Dry Bulk,

Safe Bulkers, Inc., an international provider of marine dry bulk transportation services, has entered into an agreement for the acquisition of a 2012-built, Chinese, dry bulk 181 000 DWT, capesize class vessel, to be named MV Michalis H, with a scheduled delivery date within May 2022. The vessel will be acquired at a gross purchase price of US$30 million and will be financed from the cash reserves of the company.

Dr Loukas Barmparis, President of Safe Bulkers, commented: “We have further expanded in the Cape market segment acquiring our seventh vessel, at what we believe a competitive purchase price, utilising our liquidity.”

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