MONACO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Merchant, a 2006 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $11.5 million and delivery date in September 2025.
Related Questions
How will the $11.5âŻmillion cash inflow from the vessel sale affect Safe Bulkers' shortâterm liquidity and balance sheet?
What is the net impact of this sale on the company's projected 2025 earnings per share and cashâflow forecasts?
Will the removal of MVâŻPedhoulasâŻMerchant materially change Safe Bulkers' fleet capacity and utilization rates for the remainder of 2025?
How might the transaction influence the company's debt covenants or refinancing plans?
What is the marketâs perception of this divestitureâdoes it signal a strategic shift toward a leaner fleet or assetâlight model?
How does this sale compare to recent vessel disposals by peer dryâbulk carriers such as Star Bulk, Diana Shipping, and Navios?
Could the proceeds be earmarked for growth initiatives, such as new vessel acquisitions, technology upgrades, or dividend payouts?
What are the tax implications of the sale for Safe Bulkers and how will they affect net proceeds?
Will the sale affect the companyâs longâterm competitive positioning in the dryâbulk market, especially regarding scale and service reliability?
How does the sale price compare to the vesselâs book value and recent marketâbased valuations for similar Kamsarmax assets?