Safe Bulkers purchase one Capesize Class Dry-bulk Vessel

Photo Credit: Safe Bulkers

Safe Bulkers, an international provider of marine drybulk transportation services listed in the New York Stock Exchange, announced yesterday an agreement for the acquisition of a Chinese Capesize class dry-bulk vessel

In a press release, the company said that the 2012-built vessel with 176,000 dwt, is to be named MV Aghia Sofia, and will be delivered within August 2022, upon completion of its scheduled dry docking by its current owners. The dry docking includes ballast water treatment installation, sandblasting and painting of cargo holds and environmental upgrading with ultra-low friction paints.The vessel will be acquired at a gross purchase price of $31.75 million and will be financed from the cash reserves of the company.

Dr. Loukas Barmparis, the president of the company, commented that they are using the company’s liquidity to further expand their Cape size class fleet to eight vessels.

Source: Safe Bulkers

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