Safe Bulkers, Inc. shares rise 5.14% after-hours following MOL and ITOCHU's ammonia bunkering agreement.
ByAinvest
Tuesday, Aug 19, 2025 6:09 pm ET1min read
SB--
Safe Bulkers, Inc. rose 5.14% in after-hours trading, following the announcement by Mitsui O.S.K. Lines, Ltd. (MOL) of a joint development agreement with ITOCHU Corporation for ammonia bunkering demonstrations. This collaboration aims to carry out ship-to-ship ammonia bunkering in Singapore, positioning MOL and ITOCHU as leaders in the field of ammonia-fueled vessels.
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