Safe Bulkers Orders One Newbuild Kamsarmax Class Japanese Vessel


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  • Safe Bulkers Inc (NYSE: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.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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