Safe Bulkers, Inc. announced on 11 May 2026 that it has entered into recapitulation agreements to acquire four newbuild dry bulk vessels from OSHIMA SHIPBUILDING CO LTD - OSHIMA SHIPYARD. The order includes three Kamsarmax class bulk carriers of 82,000 DWT each, scheduled for delivery
in the first half and third quarter of 2029, and one Capesize class bulk carrier of 182,000 DWT, due in the second half of 2029. The three Kamsarmax vessels will be financed through the company's cash reserves, while the Capesize vessel will be acquired via a finance lease under a bareboat charter agreement for ten years with purchase options. All vessels comply with IMO GHG-EEDI Phase 3 and NOx-Tier III emissions regulations. Upon completion, Safe Bulkers will have eleven newbuild vessels in its orderbook, supporting its fleet renewal strategy.
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