Safe Bulkers renews its fleet with three new ships

Safe Bulkers is renewing its fleet intensively. The NYSE-listed shipping company of Poly Hatziioannou announced that it has entered into agreements for the construction and purchase of three Japanese bulk carriers of 82,000 dwt, each Kamsarmax.

The three Japanese dry-bulk 82,000 dwt, Kamsarmax class vessels were acquired at attractive prices with scheduled delivery dates within the fourth quarter of 2023 for one vessel and within the first quarter of 2024, for the other two
vessels.

All three newbuild vessels are designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to Green House Gas emissions, (GHG-EEDI, Phase 3) and also comply with the latest NOx emissions regulation, (NOx-Tier III) and will be financed from the cash reserves of the Company.

Dr. Loukas Barmparis, President of the Company, commented: “We are continuing our fleet renewal strategy, by ordering three additional vessels, bringing the total number of newbuilds to eight GHG-EEDI Phase 3, NOx-Tier III. In parallel, the Company has already acquired two younger second hand vessels. Newbuild orders and second hand acquisitions are in the context of our strategy to replace older or Chinese-built vessels, six of which have been sold until now.”