Sunday 18th Nov, 2018

Safe Bulkers boosts its capesize fleet

Photo: Shutterstock
Photo: Shutterstock

INTERNATIONAL dry bulk shipping company Safe Bulkers has announced the acquisition of a 181,000dwt, Japanese, 2009-built, dry-bulk, capesize class vessel.


According to a statement to the New York Stock Exchange, the acquisition was financed “from cash on hand”.

After a dry docking, the vessel is expected to be employed in the time charter market.

Company president Dr Loukas Barmparis said the board had decided to invest opportunistically in a second-hand capesize class vessel, the second acquisition since December 2017, which “we believe will be accretive to our revenues and further expand our fleet and our operations in the capesize market”.

Safe Bulkers is an international provider of marine drybulk transport, transporting bulk cargoes, particularly coal, grain and iron ore.

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