Safe Bulkers expand its fleet with two Chinese dry-bulk Kamsarmax newbuild vessels

Credit: Safe Bulkers

Polis Hajoannou company “Safe Bulkers”, a company listed in stock exchange of New York, acquired two Chinese dry-bulk Kamsarmax class vessels of 82,500 dwt, due for delivery in August 2024 and January 2025.

As it has been announced today by the company, Safe Bulkers acquired the two vessels in an attractive price but is has not being revealed by the company the price of the orders. The newbuild vessels, as it is mentioned, are designed to meet the requirements of Energy Efficiency Design Index related to Green House Gas, GHG emissions, ‘EEDI, Phase 3’ to comply with the NOx emissions regulation, NOx-Tier III.

Including this agreement and following the delivery of its first Phase 3 newbuild in May 2022, the company has an orderbook of 10 newbuild vessels, with scheduled deliveries one in 2022, five in 2023, three in 2024 and one in 2025, of which three are Post-panamax class and seven are Kamsarmax class vessels.

Safe bulkers announced that the two Kamsarmax vessels have been ordered in a leading Chinese shipyard for further expanding their fleet with energy efficient vessels.

Dr. Loukas Barmparis, President of the Company commented: “Newbuild orders remain the core context of our fleet renewal strategy. In this respect we have ordered two additional GHG-EEDI Phase 3, NOx-Tier III Kamsarmax class vessels in a leading Chinese shipyard further expanding our fleet with energy efficient vessels”.

Source: Safe Bulkers, Inc

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.