Safe Bulkers orders two drybulk vessels for $32.2 million each

Safe Bulkers, Inc., the Athens, Greece-based NYSE-listed international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, announced recently that it has entered into shipbuilding contracts for the construction of two Chinese-built, drybulk Kamsarmax-class vessels of approximately 82,000 deadweight tons at a contracted price of $32.2 million each, with expected delivery dates in the fourth quarter of 2011 and the first quarter of 2012.
 
The company's fleet after these two new acquisitions will expand to 21 vessels with deadweight capacity of approximately 2 million tons by early 2012.