The New York Stock Exchange-listed drybulk shipowner Safe Bulkers has entered into an agreement for the sale of Pedhoulas Merchant, a 2006 Japanese-built, kamsarmax class, dry-bulk vessel.

The Polys Hajioannou-led company said the gross sale price for the Pedhoulas Merchant is $11.5m.

The company states that the kamsarmax will be delivered to her new owner in September 2025. The company didn’t disclose the name of the buyer.

Dr. Loukas Barmparis, president of the company, commented: “With this agreement, we wound up the sale of our two oldest Kamsarmax class vessels, namely Pedhoulas Merchant built in 2006 and Pedhoulas Leader built in 2007, executing our strategy to renew our fleet in view of the four newbuilds expected to be delivered to us within 2026. The aggregate orderbook of the company consists of six vessels until 2027.”

Last month, the shipowner entered into an agreement for the sale of Pedhoulas Leader, a 2007 Japanese-built, kamsarmax class dry-bulk vessel.

The company said the gross sale price for the Pedhoulas Leader is $12.5m with delivery expected between August and October 2025.