Safe Bulkers, Inc. (the Company), an international provider of marine drybulk transportation services, announced that it has entered into an agreement for the acquisition of two newbuild, 82,500 dwt, dry-bulk, Chinese, Kamsarmax class vessels, with scheduled delivery dates in the third quarter of 2028 and the first quarter of 2029.
The newbuild vessels are designed to meet the Phase 3 requirements of the Energy Efficiency Design Index related to the reduction of greenhouse gas emissions (“IMO GHG -EEDI Phase 3”) as adopted by the International Maritime Organization, (“IMO”) and also comply with the latest NOx emissions regulation, NOx-Tier III (“NOx-Tier III”). The newbuild vessels are sister to existing vessels in our fleet with advanced energy efficiency characteristics resulting in lower fuel consumption.
The Company has already taken delivery of twelve IMO GHG Phase 3 – NOx Tier III vessels. Including this agreement, the Company has an outstanding orderbook of eight newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries four in 2026, two in 2027, one in 2028 and one in 2029.
Dr. Loukas Barmparis, President of the Company commented: “We have placed these newbuild orders consistent with our fleet renewal strategy, aiming to increase the competitiveness and resiliency of the Company and to own one of the most modern and environmentally efficient dry bulk fleets in the market.”
Safe Bulkers is an international provider of marine dry-bulk transportation services, transporting bulk cargoes, particularly grain, coal and iron ore, along worldwide shipping routes for some of the world’s largest users of marine dry-bulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.