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Safe Bulkers agrees to buy post-panamax newbuild

Greek-owned, US-listed dry bulk owner and operator has entered into an agreement to buy a Japanese yard's post-panamax newbuilding resale. The vessel is expected to be delivered in 2020

Safe Bulkers has the option to periodically issue common stock to the seller for up to half the purchase price, while the rest will be financed with cash on hand

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