AcquisitionsMay 11, 2026, 04:07 PM
Safe Bulkers Acquires 4 Newbuild Dry Bulk Vessels for 2029 Delivery
AI Summary
Safe Bulkers, Inc. announced the acquisition of four Japanese newbuild dry bulk vessels, including three 82,000 dwt Kamsarmax class and one 182,000 dwt Capesize class, all scheduled for delivery in 2029. The Kamsarmax vessels are expected to be financed by cash reserves, while the Capesize will utilize a 10-year finance lease. These vessels meet IMO GHG -EEDI Phase 3 and NOx-Tier III requirements, supporting the company's strategy to maintain a modern, fuel-efficient, and environmentally advanced fleet.
Key Highlights
- Safe Bulkers acquired four Japanese newbuild dry bulk vessels for delivery in 2029.
- The acquisition includes three 82,000 dwt Kamsarmax vessels and one 182,000 dwt Capesize vessel.
- Three Kamsarmax vessels are anticipated to be financed through the company's cash reserves.
- The Capesize vessel will be acquired through a 10-year finance lease with purchase options.
- All newbuild vessels are designed to meet IMO GHG -EEDI Phase 3 and NOx-Tier III requirements.
- The company's outstanding orderbook will now be eleven newbuild vessels, including two methanol dual-fueled.
- Scheduled deliveries for the orderbook are three in 2026, two in 2027, one in 2028, and five in 2029.