Safe Bulkers, Inc. (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.

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

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.’’