Safe Bulkers, Inc. Announces Recapitulation Agreements for the Acquisition of Four Newbuild Dry-bulk Vessels
Safe Bulkers, Inc. has entered into recapitulation agreements to acquire four newbuild dry bulk vessels, including three 82,000 dwt Kamsarmax class vessels and one 182,000 dwt Capesize class vessel. The Kamsarmax vessels are scheduled to be delivered in the first half and third quarter of 2029, and will be financed through the company's cash reserves without external financing. The Capesize vessel will be acquired through a finance lease under a bare boat charter agreement for ten years, with purchase options available five years after the commencement of the charter period.
Key figures
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Capesize dwt
- 182000
- Kamsarmax dwt
- 82000
- Capesize vessel
- 1
- Purchase options
- five years following the commencement of the bareboat charter period
- Kamsarmax vessels
- 3
- Orderbook vessels
- 11
- Finance lease period
- ten years
- Capesize delivery date
- second half of 2029
- Vessels delivered 2026
- 3
- Vessels delivered 2027
- 2
- Vessels delivered 2028
- 1
- Vessels delivered 2029
- 5
- Kamsarmax delivery dates
- two in the first half and one in the third quarter of 2029
- Methanol dual fueled vessels
- 2
AI analysis
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