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Safe Bulkers, Inc. (SB-PD) is a prominent player in the dry bulk shipping industry, known for its fleet of modern vessels that transport bulk cargoes worldwide.
The company focuses on transporting bulk commodities, such as coal, grain, and iron ore, with a commitment to safety, efficiency, and environmental responsibility.
Safe Bulkers has a strong track record of delivering reliable and cost-effective shipping solutions to its global customer base, with a focus on operational excellence and customer satisfaction.
The company's financial performance, strategic partnerships, and commitment to sustainable practices position it as a key player in the maritime industry.
Safe Bulkers Inc. (NYSE: SB) announced plans for a public offer in Greece for up to €100 million in unsecured bonds through its subsidiary, Safe Bulkers Participations Plc. The offering aims to raise around €97.5 million to repay debt, redeem preferred shares, fund working capital, or acquire vessels. The bonds will only be offered to non-U.S. persons and won't be registered under the Securities Act. This action reflects the company's strategy to optimize its financial structure and bolster growth opportunities.
Safe Bulkers, Inc. (NYSE: SB) has announced the acquisition of the MV Maria, a Capesize vessel built in 2014, for $33.8 million. The delivery is scheduled for February 2022 and will be financed from the company’s cash reserves. This vessel is the company's sixth Capesize addition and will enhance its fleet to a total of 40 vessels. The purchase capitalizes on seasonal market weaknesses, according to President Dr. Loukas Barmparis, highlighting a competitive acquisition strategy.
Safe Bulkers, Inc. (NYSE: SB) announced its participation in Capital Link’s Corporate Presentations Webinar Series. The presentation will take place on January 18th, 2022 at 10am ET, where senior management will discuss the company's operations and outlook for the dry bulk sector. Interested participants can register for the webinar via a provided link. A live Q&A session will follow, allowing attendees to submit questions. The company focuses on marine drybulk transportation, with stocks trading under SB, SB-PC, and SB-PD.
Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share for both its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares for the period from October 30, 2021, to January 29, 2022. These dividends will be paid on January 31, 2022, to shareholders on record as of January 20, 2022. Future dividends are subject to the company's earnings and financial condition. Safe Bulkers provides marine drybulk transportation services globally, focusing on coal, grain, and iron ore transportation.
Safe Bulkers, Inc. (NYSE: SB) has announced the acquisition of a Japanese dry-bulk Kamsarmax vessel, with a delivery scheduled for the fourth quarter of 2023. This vessel will comply with stringent Energy Efficiency Design Index standards and NOx emissions regulations, with financing sourced from the company's cash reserves. The firm now has an order book of nine newbuilds, including three Post-panamax and six Kamsarmax vessels, bolstering its fleet and operational capabilities.
Safe Bulkers, an international marine drybulk provider, reported strong financial results for Q3 2021, with net revenues of $92.5 million—a 78% increase from Q3 2020. Net income rose to $55.4 million, up from $3.3 million year-on-year. Adjusted EBITDA was $67.7 million, reflecting improved market conditions and operational efficiency. However, the impact of COVID-19 resulted in approximately $0.9 million in additional crew costs. The company also successfully executed its ATM Program, raising $10 million in Q3 through share sales.
Safe Bulkers, Inc. (NYSE: SB) announced it will release its financial results for Q3 2021 on November 3, 2021, after market close. A conference call to discuss these results is scheduled for November 4, 2021, at 9:30 A.M. ET. Participants can join via specific dial-in numbers or by accessing the live webcast on the company’s website. Safe Bulkers provides marine drybulk transportation services, transporting bulk cargoes like coal, grain, and iron ore. Its stock is listed under the symbols SB, SB.PR.C, and SB.PR.D.
Safe Bulkers, Inc. (NYSE: SB) has declared a cash dividend of $0.50 per share on its 8.00% Series C and 8.00% Series D Preferred Shares (NYSE: SB.PR.C, SB.PR.D) for the period running from July 30, 2021 to October 29, 2021. The dividends will be paid on November 1, 2021 to shareholders recorded by October 22, 2021. These dividends support the company's commitment to providing returns to its shareholders while remaining contingent on its financial performance and market conditions.
Safe Bulkers (NYSE: SB) announced a new long-term charter for its Capesize vessel, MV Lake Despina, effective from January to May 2022. The charter lasts for three years at a daily rate of $22,500, with an upfront payment of $3.0 million upon commencement. The vessel will earn a charter linked to the Baltic Exchange Capesize Index until January. This agreement is expected to generate approximately $27.5 million in gross revenue over the minimum term. The charter also includes an extension option at a higher rate, enhancing future cash flow visibility.
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