Safe Bulkers (SB) Acquires One Newbuild Panamax-Class Drybulk Vessel
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Safe Bulkers, Inc. (NYSE: SB) has entered into a shipbuilding contract for the construction of one Japanese-built, drybulk Panamax-class vessel at an attractive price, with an expected delivery date in the first half of 2014.
Including this acquisition, the Company has contracted to acquire 10 drybulk newbuild vessels consisting of: five Panamax-class vessels, including one with a delivery date in the first half of 2012, two with delivery dates in the second half of 2013 and two with delivery dates in the first half of 2014; three Kamsarmax-class vessels with delivery dates in the first half of 2012; one Post-Panamax-class vessel with a delivery date in the first half of 2012; and one Capesize-class vessel with a delivery date in the second half of 2012.
Assuming the delivery of all of the Company's newbuilds on order, the Company's fleet will consist of 28 vessels with deadweight capacity of approximately 2.6 million tons.
Including this acquisition, the Company has contracted to acquire 10 drybulk newbuild vessels consisting of: five Panamax-class vessels, including one with a delivery date in the first half of 2012, two with delivery dates in the second half of 2013 and two with delivery dates in the first half of 2014; three Kamsarmax-class vessels with delivery dates in the first half of 2012; one Post-Panamax-class vessel with a delivery date in the first half of 2012; and one Capesize-class vessel with a delivery date in the second half of 2012.
Assuming the delivery of all of the Company's newbuilds on order, the Company's fleet will consist of 28 vessels with deadweight capacity of approximately 2.6 million tons.
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