

(Posted on 16/08/18)
Safe Bulkers, Inc., an international provider of marine dry-bulk transportation services, has announced that it has acquired a 181,000 dwt, Japanese, 2009-built, dry-bulk, Capesize class vessel at an attractive price. The acquisition was financed from cash on hand.
Following a dry docking the vessel is expected to be employed in the time charter market. As of 13 August, 2018, the weighted time charter average of the Baltic Exchange Cape Index (BCI AVG5TC) was $26,059 per day.
Dr. Loukas Barmparis, President of the Company commented, “While we remain focused on the optimization of our capital structure by buying back later this month a Kamsarmax class vessel under sale and lease back agreement, our Board has 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.”
In July the company announced net revenues for the second quarter of 2018 increased by 34% to $47.0 million from $35.0 million during the same period in 2017.
Safe Bulkers is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C” and “SB.PR.D” respectively.
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more
A 10-day trial onboard a Spar Shipping AS bulk carrier enabled a reduction of at least 75% in carbon... Read more
A new report published by Inmarsat, the world leader in global, mobile satellite communications, highlights... Read more
Mental Health Support Solutions CEO and founder Charles Watkins welcomes the recently published report... Read more
Columbia Shipmanagement (CSM) has announced a partnership with Berlin-based Fintech Kadmos to automate... Read more
In the latest demonstration of its commitment to supporting a more sustainable maritime community, North... Read more
ClassNK has released the "Guidelines for Ships Using Alternative Fuels (Edtion 2.0)," which sets forth... Read more
Swire Bulk will operate a new liner service between Southeast Asia and Europe from June 2022, providing... Read more
AtoB@C Shipping, a subsidiary of Aspo Group’s ESL Shipping, has declared an option and order for... Read more
Seanergy Maritime Holdings Corp. has announced that the Board of Directors has authorized an additional... Read more