Safe Bulkers, Inc. Sells Kamsarmax Vessel to Renew Fleet

Author: Evelyn Baker Updated: 08-12-2025 09:18 AM

Significant Vessel Sale by Safe Bulkers, Inc.

Safe Bulkers, Inc., a leading provider of marine drybulk transportation services, is taking significant steps towards renewing its fleet. This week the Company announced a key transaction involving the sale of MV Pedhoulas Merchant, a 2006-built Kamsarmax class dry-bulk vessel.

Details of the Sale Agreement

The sale agreement for MV Pedhoulas Merchant has been set at a gross price of $11.5 million. The delivery of this vessel is scheduled for a date in September, ensuring a timely transition in their fleet management strategy. Dr. Loukas Barmparis, the Company's President, noted that this marks the completion of the sale of two of the oldest vessels in their fleet.

Fleet Modernization Strategy

Dr. Barmparis emphasized that the decision aligns with their strategy to modernize operations and improve efficiency. The recent sale, together with the vessel Pedhoulas Leader built in 2007, puts the company in a strong position as they anticipate the addition of four newbuild vessels expected to join their fleet by 2026. The total orderbook of Safe Bulkers includes six vessels scheduled for delivery before 2027, highlighting their commitment to growth.

About Safe Bulkers, Inc.

Safe Bulkers, Inc. operates in the maritime industry, specializing in the transportation of bulk goods, including commodities such as coal, grain, and iron ore. Their ships traverse key global shipping routes to provide essential services to major users of drybulk transportation. The company is publicly traded on the NYSE under the ticker symbols "SB" for common stock, and "SB.PR.C" and "SB.PR.D" for preferred stock.

Future Insights and Expectations

Looking ahead, Safe Bulkers, Inc. is dedicated to expanding its operational capabilities in the marine drybulk industry. The expectations for future vessel acquisitions and charter agreements demonstrate the company's proactive approach to reinforcing its market position. Despite market uncertainties, Safe Bulkers remains confident in its strategic framework and is focused on navigating potential challenges effectively.

Frequently Asked Questions

What is MV Pedhoulas Merchant?

MV Pedhoulas Merchant is a Kamsarmax class dry-bulk vessel built in 2006, marked for sale by Safe Bulkers, Inc.

What is the sale price of the vessel?

The gross sale price of MV Pedhoulas Merchant is set at $11.5 million.

When is the vessel scheduled for delivery?

The delivery of MV Pedhoulas Merchant is scheduled for September.

What is Safe Bulkers’ strategic focus in the coming years?

Safe Bulkers aims to modernize its fleet by adding new vessels and optimizing operational efficiency.

How does Safe Bulkers generate revenue?

Safe Bulkers generates revenue by transporting various bulk goods across global shipping routes.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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