Safe Bulkers has completed the latest in a line of loan adjustments by reworking the terms of a $101.2m facility with DVB bank.
The deal sees a larger repayment this year followed by two clear years before amortisation kicks in again.
Loukas Barmparis, president of Sate Bulkers, said: "The agreement with DVB is the third in a row which provides for alignment of financial covenants and deferral of about $10.5m
