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Safe Bulkers boosted by improving market

Safe Bulkers is in the black for the second quarter as improved charter rates help the bottom line. The company is focused on giving itself flexibility to take advantage of a better market and in this respect has just exercised an option to repurchase a third vessel out of five previously sold in financial leaseback transactions

Owner of 40 bulkers exercises option to repurchase a third kamsarmax previously sold in leaseback transaction

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