Safe Bulkers Sells Kamsarmax Vessel 'MV Pedhoulas Fighter' For $23.7M

Safe Bulkers Inc SB has agreed to sell MV Pedhoulas Fighter, a 2012 Chinese-built, Kamsarmax class, dry-bulk vessel, for a gross sale price of $23.7 million and forward delivery date within 4Q21.
Including this sale, the company has sold seven vessels, acquired four second-hand vessels, and ordered eight Japanese newbuild vessels with deliveries from Q2 2022 until Q1 2024.
"With the sale of MV Pedhoulas Fighter, we conclude the sale of three sister ships, Kamsarmax class, Chinese-built vessels, gradually renewing our fleet with modern more efficient Japanese built newbuilds or Japanese-built younger vessels," said company President Loukas Barmparis.
Price Action: SB shares closed higher by 8.41% at $4.77 on Wednesday.

Overview Rating:

Good

0100