Safe Bulkers Orders One Newbuild Kamsarmax Class Japanese Vessel

Safe Bulkers Inc SB has agreed to acquire a Japanese dry-bulk 82,000 dwt, Kamsarmax class vessel, with delivery scheduled for 4Q23. Financial terms were not disclosed.
Including this agreement, the company now has an order book of nine new Japanese build vessels, with deliveries starting from 2Q22.
Safe Bulkers will finance the newbuild vessel from its cash reserves. It held $92.2 million in cash and equivalents as of October 29, 2021.
Price Action: SB shares traded higher by 8.09% at $3.675 on the last check Thursday.