MONACO – Safe Bulkers, Inc. (NYSE:), a key participant within the marine drybulk transportation sector, has introduced the sale of its oldest vessel, the MV Maritsa. The Panamax class dry-bulk vessel, constructed in 2005 in Japan, has been offered for a gross worth of $12.2 million. The firm expects to ship the vessel between April and May 2024.
Dr. Loukas Barmparis, President of Safe Bulkers, indicated that the sale aligns with the agency’s ongoing technique to modernize its fleet. The firm goals to boost environmental efficiency and preserve competitiveness amidst tightening regulatory requirements. The MV Maritsa transaction is a part of this broader technique to section out older ships in favor of newer, extra eco-friendly fashions.
The sale of MV Maritsa will contribute to the corporate’s efforts to rejuvenate its fleet, which at the moment includes 48 vessels, together with 10 Panamax, 12 Kamsarmax, 18 Post-Panamax, and eight Capesize class vessels. The fleet’s carrying capability totals roughly 4.8 million deadweight tonnage (dwt), with a mean vessel age of 9.9 years. Notably, the corporate’s fleet consists of 12 eco-ships constructed post-2014 and 9 IMO GHG Phase 3 – NOx Tier III ships constructed from 2022 onwards.
Further bolstering its dedication to sustainability and regulatory compliance, Safe Bulkers has an order e book of seven IMO GHG Phase 3 – NOx Tier III Kamsarmax class newbuilds. Two of those newbuilds are designed to be methanol dual-fueled, with deliveries staggered from 2024 by way of 2027.
The announcement comes because the delivery business faces varied challenges, together with fluctuating demand for drybulk vessels, dynamic gas costs, and geopolitical uncertainties. Safe Bulkers’ proactive fleet administration technique is a response to those market situations and regulatory adjustments.
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