Safe Bulkers S&P deal points to rising dry cargo asset values

Safe Bulkers, Inc. announces sale of a 2007-built Kamsarmax class dry bulk vessel

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, has announced that it has entered into an agreement for the sale of MV Pedhoulas Leader, a 2007 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of US$12.5 million and forward delivery date between August and October 2025.

Safe Bulkers offloads ageing kamsarmax

Greek dry bulk owner Safe Bulkers has sold one of its oldest vessels as it makes room for a wave of newbuild deliveries. The New York-listed firm is offloading the 2007 Tadotsu Tsuneishi-built kamsarmax Pedhoulas Leader to an undisclosed buyer for $12.5m. The 82,300 dwt bulker, estimated by online pricing platform VesselsValue at around $11.4m, …

Safe Bulkers S&P deal points to rising dry cargo asset values

US-listed company takes advantage of price appreciation to sell its first bulker in more than a year