Safe Bulkers, Inc. Announces Sale of One Panamax Class Dry-bulk Vessel



MONACO, Feb. 12, 2024 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Maritsa, a 2005 Japanese-built, Panamax class, dry-bulk vessel, the oldest vessel in its fleet, at a gross sale price of $12.2 million and a forward delivery date from April 2024 to May 2024.

Dr. Loukas Barmparis, President of the Company commented: “We continue our strategy to selectively sell older vessels and replace them with newbuilds aiming to improve our fleet’s environmental performance and increase our competitiveness in the new, more stringent regulatory environment.”

About Safe Bulkers, Inc.

The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company has a fleet of 48 vessels, two of which were held for sale, consisting of 10 Panamax, 12 Kamsarmax, 18 Post-Panamax and 8 Capesize class vessels, with an aggregate carrying capacity of 4.8 million dwt and an average age of 9.9 years. Twelve vessels in the Company’s fleet are eco-ships …

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