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Safe Bulkers acquires Japanese kamsarmax

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Dry Bulk,


Safe Bulkers, Inc., an international provider of marine dry bulk transportation services, has announced that it has entered into an agreement for the acquisition of a Japanese, 82 000 DWT, dry bulk, kamsarmax class vessel with a scheduled delivery date within 1H26.

The newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of greenhouse gas emissions as adopted by the International Maritime Organisation, and also comply with the latest NOx emissions regulation, NOx-Tier III. The newbuild vessel is a sister vessel to a number of newbuilds in the company's orderbook with advanced energy efficiency characteristics resulting in lower fuel consumption.

The company has already taken delivery of seven IMO GHG-EEDI Phase 3 – NOx-Tier III vessels. Including this agreement, the company has an outstanding orderbook of eight newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries three in 2024, two in 2025, two in 2026, and one in 2027, targeting one of the most environmentally efficient dry bulk fleets in the market.

Dr. Loukas Barmparis, President of the company commented: “As part of our renewal strategy we have recently agreed to sell two of our vessels. This newbuild with a relatively prompt delivery is consistent with our ESG strategy and reflects our ambition to be in the forefront of environmental developments.”

The company has a 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.


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Dry cargo shipping news Dry bulk shipping market European dry bulk news