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

August 2, 2021 1:52 PM | 1 min read | Make a Comment

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.

Posted In: News Penny Stocks Small Cap Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.