Safe Bulkers, Inc. Announces Sale of one Panamax Vessel

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that in relation to its fleet renewal strategy, it has entered into an agreement for the sale of MV Koulitsa, a 2003-built, Panamax class, dry-bulk vessel at gross sale price of $13.6 million and forward delivery date within the fourth quarter of 2021.

Source: Safe Bulkers, Inc.

Dr. Loukas Barmparis, President of the Company commented: “The MV Koulitsa will be replaced by the previously announced acquisition of the 2013-built, Panamax class, dry-bulk vessel to be named MV Koulitsa 2, purchased at a price of $22 million with an expected delivery within July 2021, which has already been chartered at a gross daily charter rate of $24,000 for a period of twelve months. This transaction concludes the sale of all our vessels built prior to 2004.”

Source: Safe Bulkers, Inc.


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