Safe Bulkers, Inc. secures Capsize vessel

The vessel will be acquired at a purchase price of US$33.8 million and will be financed from the cash reserves of the company.

Dr. Loukas Barmparis, President of Safe Bulkers, Inc commented: “This will be our sixth Cape and the 40^th vessel in our fleet. MV Maria is sister vessel to our recently acquired MV Stelios Y and was bought, at what we believe to be a competitive price, capitalising on the Capesize market seasonal weakness.”