Safe Bulkers, Inc. to Acquire Two New Kamsarmax Class Vessels from China for Delivery in 2028 and 2029
METHANOL
Safe Bulkers, Inc. has agreed to acquire two new Kamsarmax class vessels from China, set for delivery in 2028 and 2029, which will meet strict environmental regulations. This acquisition expands the company's orderbook to eight newbuild vessels, including two methanol dual-fuel ships. Additionally, Safe Bulkers reported Q3 2025 earnings of $0.12 per share, exceeding expectations, and announced a share repurchase program for up to 10 million shares.

Jan 24, 2026, 6:31 AM