MONACO - Safe Bulkers, Inc. (NYSE:SB), a global provider of marine drybulk transportation services, has announced the sale of two dry-bulk vessels as part of its fleet renewal strategy.
The company has agreed to sell the MV Panayiota K, a Post-Panamax class vessel built in 2010, for $20.45 million with delivery scheduled for April 2024. Additionally, the MV Paraskevi 2, a Panamax class vessel from 2011, will be sold for $20.3 million, with a forward delivery date set for July 2024.
Dr. Loukas Barmparis, President of Safe Bulkers, stated the disposals were made in an improved second-hand market environment, following recent newbuild orders. The company's fleet renewal strategy aims to modernize its offerings with seven newbuilds remaining in their order book.
Safe Bulkers specializes in the transportation of bulk cargoes, such as coal, grain, and iron ore, along international shipping routes. The company's stock, including common and preferred series C and D, is traded on the New York Stock Exchange under the symbols "SB," "SB.PR.C," and "SB.PR.D," respectively.
The information in this article is based on a press release statement from Safe Bulkers, Inc.
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