SB - Mergers and acquisitions

MONACO, March 06, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into two separate agreements, for the sale of MV Panayiota K, a 2010-built Post-Panamax class dry-bulk vessel, at a gross sale price of $20.45 million and delivery date in April 2024 and of MV Paraskevi 2, a 2011-built, Panamax class, dry-bulk vessel, at a gross sale price of $20.3 million and forward delivery date in July 2024. Dr. Loukas Barmparis, President of the Company commented: "Following recent newbuild orders, in the context of our fleet renewal strategy, we sold these two vessels in an imp

MONACO, June 16, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that in relation to its fleet renewal strategy, has entered into an agreement for the acquisition of a 2013-built, Japanese, 78,000 dwt Panamax class, dry-bulk vessel at a price of $22 million with a scheduled delivery date latest by August 2021. The acquisition of the vessel will be financed from the cash reserves of the Company. Including this acquisition, the Company has ordered four EEDI-Phase 3 compliant, NOx-Tier III newbuild vessels, three of which post-Panamax and one Kamsarmax class; acquired two Japanese se