Dry CargoEurope

Safe Bulkers adds another capesize

Monaco-headquartered Greek owner Safe Bulkers has sealed its second cape deal this year with the acquisition of a 2012-built Chinese capesize bulker for $30m.

The 181,000 dwt vessel will be renamed Michalis H when it is delivered during next month. The acquisition takes the Safe Bulkers fleet to 41 vessels, of which seven are capesizes.

Loukas Barmparis, president of Safe Bulkers, commented: “We have further expanded in the cape market segment acquiring our seventh vessel, at what we believe a competitive purchase price, utilising our liquidity.”

Brokers have yet to identify the ship involved in the sale.

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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