Safe Bulkers has decided to go ahead and build another kamsarmax bulk carrier in Japan.

The New York-listed shipowner ordered four kamsarmaxes in Japan earlier this year and the additional order is ostensibly an optional vessel that has been exercised.

The 82,000-dwt kamsarmax is scheduled for delivery within the fourth quarter of 2023 and will be paid for in cash, Safe Bulkers said on Thursday.