Monday, November 19, 2012

[Marine] Safe signs Japanese Cape NB

Safe signs Japanese Cape NB

In October 2012, Safe Bulkers, Inc. entered into a shipbuilding contract for the construction of one 181,000DWT Japanese-built, Capesize bulker newbuilding at an attractive price with expected delivery in January 2014.

This vessel will replace a newbuild Capesize class vessel under construction which is experiencing excessive construction delays, in an existing 10 year period time charter, the Greek company announced.

Such time charter was amended to allow vessel substitution with a later start date in January 2014 at a reduced gross daily charter rate of $23,100 for the first two and a half years.

In October 2012, Safe Bulkers also agreed with the relevant shipyard to delay scheduled deliveries of two Post-Panamax class vessels, from the second half of 2014 to the second half of 2015.

Published : November 16, 2012

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