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Safe Bulkers, Inc. Announces Sale of a 2006-Built Post-Panamax Class and of a 2008-Kamsarmax Class Dry-bulk Vessels

$SBPress releaseMay 18, 2026, 4:05 PM ETRead the release

Safe Bulkers announced the sale of two older dry-bulk vessels, MV Xenia and MV Pedhoulas Commander, for gross proceeds of $13.0 million and $14.7 million respectively. The divestments are part of the company's fleet renewal strategy, replacing aging assets with modern, fuel-efficient newbuilds.

Key figures

Newbuilds on order
11
Vessel 1 sale price
13000000
Vessel 2 sale price
14700000
Newbuilds delivered since 2022
13

AI analysis

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.

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