Safe Bulkers Enters Bareboat Charter Agreement With Purchase Option For Capesize Class Dry-Bulk Vessel

Safe Bulkers Inc SB entered a twelve-month bareboat charter agreement with a purchase option for a 2012, Japanese-built, dry-bulk 181,000 dwt, Capesize class vessel.
The agreement includes a down payment by the company of $4.5 million on signing, a payment of $4.5 million on delivery of the vessel scheduled for Q4, and a daily charter rate of $14,500 over the bareboat charter period.
It also includes a purchase option in favor of Safe Bulkers at the end of the charter period of $18 million to acquire the Capesize vessel.
Including this agreement and the previously announced agreements, Safe Bulkers has contracted to acquire four second-hand vessels.
Price action: SB shares traded higher by 3.29% at $3.45 on the last check Monday.

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