In step-by-step renewal, Safe Bulkers inks order for fifth newbuilding

Polys Hajioannou-led Safe Bulkers said it ordered its fifth newbuilding in Japan a week after announcing the sale of its oldest ship,

The New York-listed shipowner booked a 82,000-dwt kamsarmax to be delivered at the end of 2023.

As with the other pairs of kamsarmaxes and post-panamaxes it has ordered in Japan since late last year, Safe Bulkers' latest newbuilding will be compliant with Phase 3 of the International Maritime Organization's Energy Efficiency Design Index and Tier III NO_x emission standards.