Headquartered in Monaco, Safe Bulkers, Inc. (SB) provides marine dry-bulk transportation services. The company owns and operates dry-bulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. It has a fleet of more than 40 dry-bulk vessels.
Last month, SB entered into an agreement to acquire the Chinese, dry-bulk, Capesize class vessel by August this year. Also, the company is set to acquire 82,500 dwt, Kamsarmax class vessels with delivery dates by August 2024 and January 2025. Such acquisitions are expected to expand the company’s fleet with energy-efficient ships and boost its revenue streams and profitability.
