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Safe Bulkers Signs Agreement To Acquire Two Dry-Bulk Chinese Kamsarmax Class Vessels; Terms Not Disclosed

Benzinga·01/22/2026 14:01:46
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Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of two newbuild, 82,500 dwt, dry-bulk, Chinese, Kamsarmax class vessels, with scheduled delivery dates in the third quarter of 2028 and the first quarter of 2029.

The newbuild vessels are designed to meet the Phase 3 requirements of the Energy Efficiency Design Index related to the reduction of greenhouse gas emissions ("IMO GHG -EEDI Phase 3") as adopted by the International Maritime Organization, ("IMO") and also comply with the latest NOx emissions regulation, NOx-Tier III ("NOx-Tier III"). The newbuild vessels are sister to existing vessels in our fleet with advanced energy efficiency characteristics resulting in lower fuel consumption.