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The panamax vessel's forward delivery date is scheduled for around April 2009, at a gross daily rate of $73,000 for the first 12 months followed by $52,500 for the remaining period, in each case less 1.25% total commission.
Polys Hajioannou, CEO of Safe Bulkers, said: "We consider this rate very attractive as it secures substantial revenues for two years starting from April 2009 up to and including the first quarter of 2011. At a strong average period daily rate of approximately $63,000 less 1.25% total commission, there is rather limited advantage for the company to keep this vessel open, in pursuit of a further possible spot market upside."
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