SB-PC · Safe Bulkers, Inc.

Summary

Safe Bulkers, Inc. announced the sale of MV Michalis H, a 2012 Chinese-built Capesize class dry-bulk vessel, for a gross sale price of $35.2 million with forward delivery in Q1 2026. The transaction supports the company's fleet renewal strategy, with its current orderbook consisting of eight vessels through 2029.

Key takeaways

• Sale of MV Michalis H announced on February 13, 2026
• Vessel built in 2012 in China, Capesize class dry-bulk
• Gross sale price of $35.2 million
• Forward delivery within first quarter of 2026
• Company orderbook: eight vessels from now until 2029