Acquisition of two newbuildings
The drybulk carriers of approximately 82,000 dwt are of the Kamsarmax-class, i.e. Panamax size with increased LOA for Port Kamsar in Equatorial Guinea. The delivery dates are expected in the fourth quarter of 2011 and the first quarter of 2012.
After these two newbuild acquisitions the fleet of Safe bulkers will expand to 21 vessels with deadweight capacity of approximately two million tons by early 2012.