Greek dry bulk transport servicer Safe Bulkers has announced an agreement to purchase an 82,000 dwt dry bulk Kamsarmax class vessel from an unnamed Japanese shipbuilder.

The newbuild vessel is designed to meet the International Maritime Organization’s (IMO) Phase 3 requirements for the Energy Efficiency Design Index and is set with a delivery date in the first half of 2026.

Kamsarmax vessels are part of the Panamax family, which can traverse the Panama Canal, and take its name from the port of Kamsar in Guinea. It is the largest classification of vessel able to access the West African port.

The vessel will form part of eight NOx-Tier III regulated vessels being delivered to Safe Bulkers.

Dr. Loukas Barmparis, President of the Company emphasised how this acquisition will align with its ESG strategy.

Barmparis said: “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.”

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The company is awaiting previous deliveries of eight Phase 3 newbuild vessels. This includes two methanol dual fuel vessels in 2024, two in 2025, two in 2026 and one in 2027.

Safe Bulkers has stated it aims to improve its current fleet which currently stands at 46 vessels, carrying a capacity of 4.6 million dwt and an average age of 10.5 years.

This contract is the second Safe Bulkers expansion of its Kamsarmax fleet in 2023. It currently has nine such vessels on order.