Safe Bulkers, Inc. announces sale of two dry-bulk vessels

Safe Bulkers, Inc. announce that it has entered into agreements for the sale of two vessels: MV Xenia, a 2006 Japanese-built Post-Panamax dry bulk vessel, for a gross sale price of US$13.0 million, and MV Pedhoulas Commander, a 2008 Japanese-built Kamsarmax dry bulk vessel, for a gross sale price of US$14.7 million. Both vessels are expected to be delivered to their new owners with their scheduled dry-dockings due, upon completion of their current voyages.

Dr. Loukas Barmparis, President of the company, commented: “As part of our fleet renewal strategy, we have recently divested our oldest Kamsarmax and Post-Panamax vessels, following our continued investment in modern newbuilds. These well-timed divestments support our objective of maintaining a young, modern, fuel-efficient, and environmentally advanced fleet. Since 2022, we have taken delivery of thirteen IMO GHG Phase 3 – NOx Tier III vessels, and our current orderbook includes eleven additional newbuilds, with delivery schedules aligned to our fleet age profile.”

Read the article online at: https://www.drybulkmagazine.com/shipping/20052026/safe-bulkers-inc-announces-sale-of-two-dry-bulk-vessels/