Safe Bulkers, Inc. Announces Sale Of A 2015-Built Kamsarmax Class Dry-Bulk Vessel For Gross Sale Price Of $26.6M
Portfolio Pulse from Bill Haddad
Safe Bulkers, Inc. has announced the sale of a 2015-built Kamsarmax class dry-bulk vessel for a gross sale price of $26.6 million.

November 27, 2023 | 2:01 pm
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Safe Bulkers, Inc. has sold a Kamsarmax class vessel, which may positively impact its liquidity and potentially reduce debt or fund investments.
The sale of a major asset like a dry-bulk vessel usually indicates an increase in liquidity for the company. This could be seen as a positive move by investors if the proceeds are used to reduce debt or reinvest in the company's operations, potentially leading to a short-term positive impact on the stock price.
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IMPORTANCE 70
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