- Safe Bulkers Inc (NYSE:SB) has agreed to sell MV Pedhoulas Trader, a 2006 Japanese-built, Kamsarmax class, dry-bulk vessel, for a net sale price of $15.84 million.
- The sale carries a forward delivery date lies within December 2022.
- “We continued to sell older tonnage as we take delivery of our newbuild IMO Phase 3 vessels, improving the fleet environmental performance and increasing our competitiveness in the new more stringent regulatory environment,” said Safe Bulkers president Loukas Barmparis.
- Safe Bulkers held $167.8 million in cash and equivalents as of July 22, 2022. It had $449.1 million of outstanding consolidated debt.
- The company provides marine dry bulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore, along worldwide shipping routes.
- Price Action: SB shares are trading lower by 3.25% at $2.68 on the last check Monday.
Webuy Global Announces MOU To Acquire PT. Tiga Sakti Utama, A Leading Indonesian Fruit Importer And Wholesaler In Surabaya, Indonesia; Co Would Receive A 51% Equity Interest In TSU In Exchange For 800K Of The Co’s Shares With Certain Lockup Arrangement
Strategic acquisition intended to expand the company's foothold in Indonesia and SE AsiaTSU generated sales of approximately $15 million in 2022 with track record of profitabilitySingapore , Dec. 06, 2023 (GLOBE
