Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced on Tuesday (Apr12) that it has entered into an agreement for the acquisition of a 2012-built, Chinese, dry-bulk, 181,000 dwt, Capesize class vessel, to be named MV Michalis H, with a scheduled delivery date within May 2022.
The vessel will be acquired at a gross purchase price of $30.0 million and will be financed from the cash reserves of the Company.
Dr. Loukas Barmparis, President of the Company, commented: “We have further expanded in the Cape market segment acquiring our seventh vessel, at what we believe a competitive purchase price, utilizing our liquidity.”