Safe Bulkers acquires resale post-panamax

Safe Bulkers acquires resale post-panamax

Greek owner Safe Bulkers has entered into an agreement to acquire a Japanese post-panamax resale newbuild bulker.

The company expects delivery within the first half of 2020, although did not reveal the price paid, the seller, or the yard the vessel is being built at.

Dr. Loukas Barmparis, president of Safe Bulkers, commented: “Following completion of the refinancing actions announced by the Company last week that were designed to provide financial flexibility and improve liquidity, this acquisition reflects the Company’s commitment to opportunistically expand and renew its fleet. This vessel suits our overall fleet profile at an attractive price, while providing significant financing flexibility.’’

Safe Bulkers has the option to finance up to 50% of the purchase price of the vessel through the issuing of shares to the seller.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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