Safe Bulkers Orders One Newbuild Kamsarmax Class Japanese Vessel

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.

Posted In: BriefsNewsPenny StocksContractsSmall CapMoversTrading Ideas