12° Nicosia,
21 April, 2024

SafeBulkers Inc. boosts Cypriot fleet with modern ships

Adding new vessels and symbolic names for a stronger maritime presence

Andreas Karamitas

In a strategic move to fortify the Cypriot flag, Safebulkers Inc., a prominent shipping company, has added two state-of-the-art vessels to its fleet. The newly constructed bulk carriers, MV AMMOXOSTOS and MV KERYNIA, built in Japan to rigorous modern and environmental standards, were unveiled at a naming ceremony in January at the Oshima Shipbuilding shipyard. The ceremony was presided over by the Deputy Minister of Shipping, Mrs. Marina Hadjimanolis, and Mrs. Stalo Haji-Ioannou, in the presence of Safebulkers inc's Managing Director, Mr. Polys Haji-Ioannou.Adonis Pavlidis Director of our Shipping office in Athens, Stalo  Haji-Ioannou from Safebulkers, Polys Haji-Ioannou managing director of Safe Bulkers, Marina Hatzimanoli Deputy Minister of Shipping. 

MV AMMOXOSTOS and MV KERYNIA are the latest acquisitions under the company's comprehensive program aimed at its vessels' technical and environmental upgrading. This move underscores the shipping industry's confidence in the Cypriot flag and its commitment to quality. Notably, the decision to name four sister ships after occupied cities holds symbolic significance, commemorating the 50th anniversary of the Turkish invasion and the ongoing illegal occupation of Cyprus, projecting the names of these occupied municipalities across global seas and ports.

Safe Bulkers Inc.'s fleet is growing with 16 newly built ships

Safe Bulkers Inc.'s fleet has recently expanded to 16 new bulk carriers, with the addition of seven energy-efficient cargo ships, including MV Vassos, MV Climate Respect, MV Climate Ethics, MV Climate Justice, MV Pedhoulas Trader, MV Morphou, and MV Rizokarpaso, all proudly flying the Cypriot flag. The company's strategic shipbuilding plan outlines the construction of seven more ships, including two Kamsarmax dual fuel vessels, set for delivery by the end of 2027. These vessels are designed to comply with the International Maritime Organization's (IMO) environmental standards, aiming to reduce carbon dioxide emissions and meet the recent IMO regulation on reduced nitrogen oxide emissions (NOx-Tier III). This addition of sixteen cutting-edge ships to the Cypriot registry contributes significantly to its qualitative and quantitative enhancement, enhancing competitiveness with environmentally friendly, "green" low-emission ships.

The inherent qualities of the Cypriot flag

As one of the largest shipowning companies in the Cypriot register, Safe Bulkers Inc. consistently places trust in Cyprus for ship registrations. The qualitative attributes of the Cyprus flag, evident in its ranking in the Paris and Tokyo MoU white list, showcase its upward trend, currently positioned at 8th place according to "K" sources. Deputy Minister of Shipping, Mrs. Hadjimanoli, emphasized that Cyprus's maritime infrastructure development and specialized human resources have elevated the Cypriot flag to one of the highest quality and most competitive in the shipping sector. Adhering to safety and security standards from international maritime organizations, the Cypriot flag stands among the highest quality flags globally.

[This article was translated from its Greek original and may have been edited for brevity and clarity]

Cyprus  |  shipping  |  business  |  economy

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