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Safe Bulkers buys Japanese-built capesize bargain

Bulker owner Safe Bulkers has invested “opportunistically” in a bargain capesize, living up to recent hints that it is ready to make occasional buys when opportunities arise, despite concentrating mainly on deleveraging its balance sheet. While the identity of the company’s 41st vessel was not immediately disclosed, brokers are confident that it is the ‘Five Stars Fujian’, auctioned last Saturday in China for about $24.8m

Unidentified vessel becomes US-listed owner’s fourth cape as brokers point to Five Stars Fujian, auctioned in China last Saturday, as most likely candidate

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