In Monaco on August 12, 2025, Safe Bulkers, Inc. revealed a significant business development. The international maritime firm disclosed a deal involving the sale of MV Pedhoulas Merchant, which is a dry-bulk vessel falling under the Kamsarmax class and originally constructed in Japan in 2006. The agreed-upon gross sale price for this transaction stands at $11.5 million, with the anticipated delivery scheduled for September 2025. This move marks an important strategic decision for the Company, underscoring its ongoing operations in the marine drybulk transportation sector.