Safe Bulkers signs agreements to buy three Kamsarmax class vessels
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Safe Bulkers signs agreements to buy three Kamsarmax class vessels

21 Jul 2021 (Last Updated July 21st, 2021 13:02)

Safe Bulkers is acquiring the 82,000dwt vessels as part of its fleet renewal plan.

Safe Bulkers signs agreements to buy three Kamsarmax class vessels
Safe Bulkers plans to finance the deal using cash reserves. Credit: Thomas G. from Pixabay.

Greece-based marine dry-bulk transportation services provider Safe Bulkers has agreed to acquire three Japanese dry-bulk Kamsarmax class vessels.

The first ship is expected to be delivered in Q4 2023, with the other two vessels anticipated to be delivered in Q1 2024.

Safe Bulkers plans to finance the deal using cash reserves.

The newbuilds will be designed in line with the requirements of Phase 3 of the Energy Efficiency Design Index associated with Green House Gas emissions (GHG-EEDI, Phase 3).

Furthermore, the three ships will also be built in accordance with the latest NOx emissions regulation (NOx-Tier III).

Safe Bulkers is acquiring the 82,000 deadweight tonnage (dwt) Kamsarmax vessels as part of its fleet renewal plan.

Safe Bulkers president Dr Loukas Barmparis said: “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.”

Additionally, on 6 July, the company signed an agreement to purchase a Japanese-built, Kamsarmax class newbuild vessel.

This 82,000dwt dry-bulk ship is expected to be delivered in Q4 2023.

On 30 June, Safe Bulkers agreed to sell MV Koulitsa, a 2003-built Panamax class dry-bulk vessel, in a $13.6m deal.

In the same month, the company agreed to acquire a Japanese 2013-built Panamax class dry-bulk vessel for $22m.

The 78,000dwt vessel, acquired under the company’s fleet renewal strategy, is expected to be delivered by August.