Shipping firm expands fleet with order for two new vessels

Safe Bulkers, Inc., the Limassol-linked dry-bulk shipowner listed on the New York Stock Exchange and an international provider of marine dry bulk transportation services, has entered into an agreement for the acquisition of two newbuild, 82,500 dwt, dry-bulk, Chinese Kamsarmax class vessels.

According to the company, the vessels are due to be delivered in the third quarter of 2028 and the first quarter of 2029 respectively.

The newbuild vessels are designed to meet the Phase...