Safe Bulkers, Inc. launched its first methanol dual-fuel bulk carrier, Hull No. SS386, at the Tsuneishi Shipyard on Xiushan Island, Zhoushan, on 25 June.

The 81,200-dwt methanol dual-fuel Kamsarmax bulk carrier, which will fly the Cyprus flag and be named Kypros Island, is scheduled for delivery at the end of October 2026. The vessel is said to be built to EEDI Phase 3 standards — designed to enhance both operational and energy efficiency.

The launch marks the first methanol-capable vessel to enter Safe Bulkers’ fleet renewal programme. A second methanol dual-fuel-ready Kamsarmax newbuilding is expected to join the fleet in January 2027, according to the Athens-based company.

Safe Bulkers said the investment in methanol-capable vessels forms part of its broader long-term decarbonisation strategy, positioning the fleet to align with future International Maritime Organization (IMO) greenhouse gas reduction requirements while maintaining commercial competitiveness.

The company added that it continues to advance its fleet renewal programme through the acquisition of next-generation vessels and the integration of technologies aimed at improving efficiency across its operations.