Monaco-based Safe Bulkers, Inc. has announced that it has entered into an agreement for the sale of MV Katerina, a 2004 Japanese-built, Panamax class, dry-bulk vessel at a gross sale price of $10.2 million. The vessel will be delivered to her new owners by the end of December 2023.

Dr Loukas Barmparis, President of the Company, commented: “MV Katerina, the oldest vessel in our fleet was sold as part of our renewal strategy. The Company’s remaining orderbook includes eight more Phase 3 newbuilds, two of which are methanol dual fuel, to be delivered by Q1-2027, targeting one of the most environmentally efficient dry bulk fleets in the market.’’

The company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The company has a fleet of 46 vessels, consisting of 11 Panamax, 9 Kamsarmax, 18 Post-Panamax and 8 Capesize vessels, with an aggregate carrying capacity of 4.6 million dwt and an average age of 10.5 years. Twelve vessels in our fleet are eco-ships built after 2014, and six are IMO GHG Phase 3 – NOx Tier III vessels built 2022 onwards.