The New York-listed Safe Bulkers is continuing its strategy to selectively sell older vessels and replace them with newbuilds, with the aim to improve its fleet’s environmental performance and increase its competitiveness in the new regulatory environment.

The Polys Hajioannou-led company disclosed on Wednesday the disposal of two mid-aged bulkers from its fleet of nearly 50 vessels.

The ships were sold in two separate deals.

The Greek owner is disposing the 2010-built post-panamax Panayiota K in April for $20.45m and about a year younger panamax dry bulk vessel Paraskevi 2, with delivery date in July for $20.3m.

In February the New York-listed owner revealed that it will sell Maritsa, a 2005 Japanese-built, panamax class, dry-bulk vessel, the oldest vessel in its fleet, at a gross sale price of $12.2m.

The veteran ship, which will be sold as part of the company’s renewal strategy, will change hands between April 2024 to May 2024.

Polys Hajioannou has an orderbook of seven Kamsarmax class newbuilds, two of which are methanol dual-fueled, with scheduled deliveries, one in 2024, two in 2025, three in 2026 and one in 2027.

Dr. Loukas Barmparis, president of Safe Bulkers, said: “Following recent newbuild orders, in the context of our fleet renewal strategy, we sold these two vessels in an improved second-hand market environment. Our remaining orderbook consists of seven newbuilds.”

Source: Safe Bulkers