US-listed Safe Bulkers acquired its fourth capesize since August and may be set to buy even more, as it seeks to benefit from what it expects to be a good freight market in the next few years.
The company announced late on Thursday it agreed to spend $31.75m on a 176,000-dwt bulker built at a Chinese yard in 2012.
Safe Bulkers did not identify the vessel other than to say that it will be delivered after dry docking in August and will trade henceforth as Aghia Sofia.
