During the second half of 2021, SB sold a Chinese bulker. I questioned the move, and got into back-and-forth argument with a diehard SB bull.
https://seekingalpha.com/news/3742235-safe-bulkers-sells-kam…
Here we are, about seven months later, and SB decided to add a similar vintage (2012) Cape vessel. Vessel is also from a Chinese yard.
https://finance.yahoo.com/news/safe-bulkers-inc-announces-ag…
Some unknown variables
- Did the sold Kamsarmax have some operational shortcomings?
- Did SB selling the Kamsarmax avoid a drydocking?
- Has the Cape acquisition already completed its 2nd drydock?
- What is the operational history of the Cape acquisition?