Core Viewpoint - Safe Bulkers, Inc. has announced the sale of its MV Pedhoulas Merchant vessel for a gross price of $11.5 million, marking a strategic move to renew its fleet in anticipation of new vessel deliveries by 2026 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The sale of MV Pedhoulas Merchant, built in 2006, and another vessel, Pedhoulas Leader, built in 2007, is part of the company's strategy to renew its fleet [2]. - The company has an aggregate orderbook of six vessels scheduled for delivery by 2027 [2].

Core Viewpoint - Safe Bulkers, Inc. has announced the sale of MV Pedhoulas Leader for a gross price of $12.5 million as part of its fleet renewal strategy, with delivery scheduled between August and October 2025 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The company has sold one of its oldest vessels, achieving the targeted sale price, and has six modern energy-efficient vessels on order, with four expected to be delivered by 2026 [2].