Safe Bulkers is planning a share sale in a bid to raise cash to purchase vessels, the company said Monday.
The New York-listed shipowner said Polys Hajioannou (pictured), its chief executive and largest shareholder, plans to buy some of the shares, either through the public offering or a private placement.
Safe Bulkers did not reveal how much it plans to raise or the size of Hajioannou's planned investment.
Stifel
