9/23/2014

Safe Bulkers $210m loan from DNB Bank for newbuildings.

Safe Bulkers, New York-listed bulker owner said the six-year revolving credit facility also will be backed by another 8 vessels that had been covered by another loan with DNB, a Norwegian bank. 12 of the shipowner’s 13 newbuildings are financed, Polys Hajiaonnou-led Safe Bulkers said.

Safe Bulkers has 31 bulkers on the water.