Safe Bulkers expands orderbook with new capesize vessel
Safe Bulkers has signed a definitive agreement for the construction and acquisition, through financial leasing, of a newbuild capesize vessel with a capacity of 182,000 deadweight tonnes, the company announced. The transaction, which was first outlined through a framework agreement in May and has now been completed, forms part of the company’s broader fleet renewal strategy. The vessel will be acquired through a finance lease in the form of a ten-year bareboat charter agreeme
Safe Bulkers has finalized an agreement to acquire a new 182,000 deadweight tonne capesize vessel through a ten-year financial lease. This acquisition, scheduled for delivery in the latter half of 2029, is part of the company's ongoing fleet modernization efforts. The agreement includes an option for Safe Bulkers to purchase the vessel after five years, offering flexibility in ownership. The new vessel is designed to meet stringent environmental standards, including IMO GHG Phase 3 and NOx Tier III regulations, incorporating advanced energy efficiency features to reduce fuel consumption.
This expansion and modernization of Safe Bulkers' fleet is significant as the shipping industry faces increasing pressure to adopt more environmentally friendly and fuel-efficient vessels ahead of stricter emissions regulations.
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