Safe Bulkers Expands Its Fleet with Post-Panamax Ship

Monaco-based dry bulk shipping company Safe Bulkers has acquired a South Korean-built dry bulk Post-Panamax class vessel “at an attractive price”.

The 92,000 dwt ship was constructed in 2010 and is the sister vessel of the company’s two existing South Korean Post-Panamax class vessels.

Safe Bulkers informed that the acquisition was financed from cash on hand.

“In parallel with the optimization of our capital structure our Board has decided to invest in a second hand vessel which we believe it will be accretive to our revenues,” Loukas Barmparis, President of the company, said.

“Furthermore, the acquisition of an additional sistership provides us with enhanced operational flexibility and optimizes our ability to control fleet operating expenses,” Barmparis added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2018 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >