Safe Bulkers, Inc. Announces Sale of a 2007-Built聽Kamsarmax Class Dry-bulk Vessel
Safe Bulkers (NYSE:SB), a marine drybulk transportation services provider, has announced the sale of its vessel MV Pedhoulas Leader for $12.5 million. The 2007 Japanese-built Kamsarmax class vessel is scheduled for delivery between August and October 2025.
The sale aligns with the company's fleet renewal strategy, as Safe Bulkers has six modern energy-efficient vessels on order, with four deliveries planned for 2026. This transaction represents the divestment of one of the company's oldest vessels at their targeted price point.
Safe Bulkers (NYSE:SB), un fornitore di servizi di trasporto marittimo drybulk, ha annunciato la vendita della sua nave MV Pedhoulas Leader per 12,5 milioni di dollari. La nave Kamsarmax, costruita in Giappone nel 2007, 猫 prevista in consegna tra agosto e ottobre 2025.
La vendita 猫 in linea con la strategia di rinnovo della flotta dell'azienda, che ha sei navi moderne ed efficienti dal punto di vista energetico in ordine, con quattro consegne previste per il 2026. Questa operazione rappresenta la cessione di una delle navi pi霉 vecchie dell'azienda al prezzo target stabilito.
Safe Bulkers (NYSE:SB), un proveedor de servicios de transporte mar铆timo de carga seca, ha anunciado la venta de su buque MV Pedhoulas Leader por 12,5 millones de d贸lares. El buque de clase Kamsarmax, construido en Jap贸n en 2007, est谩 programado para su entrega entre agosto y octubre de 2025.
La venta se alinea con la estrategia de renovaci贸n de la flota de la compa帽铆a, que tiene seis buques modernos y eficientes en energ铆a en pedido, con cuatro entregas previstas para 2026. Esta transacci贸n representa la desinversi贸n de uno de los buques m谩s antiguos de la compa帽铆a al precio objetivo establecido.
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Safe Bulkers (NYSE:SB), un fournisseur de services de transport maritime de vrac sec, a annonc茅 la vente de son navire MV Pedhoulas Leader pour 12,5 millions de dollars. Ce navire de classe Kamsarmax construit au Japon en 2007 est pr茅vu pour une livraison entre ao没t et octobre 2025.
Cette vente s'inscrit dans la strat茅gie de renouvellement de la flotte de l'entreprise, qui a six navires modernes et 茅conomes en 茅nergie en commande, avec quatre livraisons pr茅vues en 2026. Cette op茅ration repr茅sente la cession de l'un des navires les plus anciens de la soci茅t茅 脿 leur prix cible.
Safe Bulkers (NYSE:SB), ein Anbieter von maritimen Trockenmassengutfrachtdienstleistungen, hat den Verkauf seines Schiffes MV Pedhoulas Leader 蹿眉谤 12,5 Millionen US-Dollar bekanntgegeben. Das 2007 in Japan gebaute Kamsarmax-Klasse Schiff soll zwischen August und Oktober 2025 geliefert werden.
Der Verkauf entspricht der Flottenerneuerungsstrategie des Unternehmens, da Safe Bulkers sechs moderne, energieeffiziente Schiffe in Auftrag hat, mit vier geplanten Lieferungen im Jahr 2026. Diese Transaktion stellt den Verkauf eines der 盲ltesten Schiffe des Unternehmens zum angestrebten Preis dar.
- Strategic sale of aging vessel at targeted price of $12.5 million
- Fleet modernization with 6 new energy-efficient vessels on order
- 4 new vessel deliveries scheduled for 2026
- Reduction in current fleet capacity until new vessels are delivered
MONACO, July 28, 2025 (GLOBE NEWSWIRE) -- 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 sale of MV Pedhoulas Leader, a 2007 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of
Dr. Loukas Barmparis, President of the Company, commented: 鈥淎s part of our fleet renewal strategy, we have sold one of our oldest vessels, having achieved the targeted sale price. Our Company has on order six modern energy-efficient vessels, four of which will be delivered to us within 2026.鈥欌��
About Safe Bulkers, Inc.
The Company 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鈥檚 largest users of marine drybulk transportation services. The Company鈥檚 common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols 鈥淪B鈥�, 鈥淪B.PR.C鈥� and 鈥淪B.PR.D鈥�, respectively.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company鈥檚 growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渁nticipates,鈥� 鈥渉opes,鈥� 鈥渆stimates鈥� and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, such as the COVID-19 pandemic, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for dry-bulk vessels, competitive factors in the market in which the Company operates, changes in TCE rates, changes in fuel prices, risks associated with operations outside the United States, general domestic and international political conditions, tariffs imposed as a result of trade war and trade protectionism, uncertainty in the banking sector and other related market volatility, disruption of shipping routes due to political events, risks associated with vessel construction and other factors listed from time to time in the Company鈥檚 filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company鈥檚 expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
E-Mail:
Investor Relations / Media Contact:
Nicolas Bornozis, President Capital Link, Inc.
230 Park Avenue, Suite 1536 New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail:
FAQ
What is the sale price of Safe Bulkers' (SB) MV Pedhoulas Leader vessel?
When will Safe Bulkers (SB) deliver the Pedhoulas Leader vessel to its buyer?
How many new vessels does Safe Bulkers (SB) have on order?
What type of vessel is Safe Bulkers (SB) selling?
Why is Safe Bulkers (SB) selling the MV Pedhoulas Leader?
