Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that it has entered into an agreement for the sale of MV Michalis H, a 2012 Chinese-built, Capesize class, dry-bulk vessel, at a gross sale price of $35.2 million and a forward delivery date within the first quarter of 2026.

Dr. Loukas Barmparis, President of the Company commented: “In the context of our renewal strategy we sold the MV Michalis H at what we consider an optimal timing in the cycle and at a competitive price. At present, the orderbook of the Company consists of eight vessels from now until 2029.’’

Safe Bulkers, Inc.press release