Safe Bulkers To Buy Three 82,000 DWT Kamsarmax Class Bulk Carriers

Dry bulk shipping company, Safe Bulkers Inc., is all set to acquire three Japanese dry-bulk carriers with a tonnage capacity of 82,000 DWT each. The ships are of Kamsarmax class. These additions are a part of the company’s fleet renewal plan.

Safe Bulkers To Buy Three 82,000 DWT Kamsarmax Class Bulk Carriers
Image Via: MarineTraffic

Currently, the company is indulged in carrying grain, iron ore and coal under it’s cargo ship fleet. Safe Bunkers Inc. mentioned that the company would be purchasing the three bulkers at ‘attractive prices’. The exact amount however, was not disclosed.

The first of the three vessels is scheduled to be delivered by the fourth quarter of the year 2023, while the other two cargo ships are expected to be delivered by the fourth quarter of 2024.

The company said, “All three newbuild vessels are designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to Green House Gas emissions, (GHG-EEDI, Phase 3) and also comply with the latest NOx emissions regulation, (NOx-Tier III) and will be financed from the cash reserves of the Company”.

Also Read: Adani Group Offers 50% Discount For LNG Vessels At Mundra Port, India

Safe Bunkers’ operational fleet consists of more than forty-two dry-bulk vessels, out of which, eleven are eco-designed, with an average age of 9.5 years, and a net tonnage capacity of approximately 3,862,000 million DWT (as of 31st July 2020).

“We are continuing our fleet renewal strategy, by ordering three additional vessels, bringing the total number of newbuilds to eight GHG-EEDI Phase 3, NOx-Tier III. In parallel, the company has already acquired two younger second-hand vessels. Newbuild orders and secondhand acquisitions are in the context of our strategy to replace older or Chinese-built vessels, six of which have been sold until now.” said the president of the company, Dr. Loukas Barmparis.

This is the second ship acquisition deal announced by the company, this month (July). The previous deal was signed to acquire another Kamsarmax class bulk carrier of 82,000 DWT, earlier this month. The vessel would be built by a Japanese Shipyad, and is scheduled to be delivered by the fourth quarter of 2023.

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