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Safe Bulkers, Inc. (Symbol: SB) is a leading provider of marine drybulk transportation services. Established in 2007 and headquartered in Monaco, the company owns and operates a versatile fleet of drybulk vessels. These vessels are primarily utilized for the transportation of bulk cargoes such as coal, grain, and iron ore across international shipping routes.
As of March 2020, Safe Bulkers boasts an impressive fleet comprising 41 drybulk vessels with an average age of 9.5 years and a total carrying capacity of 3,777,000 deadweight tons. The fleet is strategically diversified into different classes, including 14 Panamax, 10 Kamsarmax, 13 Post-Panamax, and 4 Capesize vessels. This diversification allows the company to optimize its operations based on market demand and conditions.
Safe Bulkers employs a flexible chartering strategy, leveraging both period time charters and spot time charters to maximize profitability. This approach enables the company to adapt quickly to market fluctuations and secure lucrative contracts.
Financially, Safe Bulkers maintains a robust position, continuously investing in modernizing its fleet and enhancing operational efficiency. The company has established strong partnerships with major clients in the drybulk transportation industry, ensuring a steady stream of business and revenue.
Recent achievements include significant improvements in operational metrics and successful execution of strategic initiatives aimed at fleet optimization and cost management. The company's commitment to sustainable and efficient operations underpins its long-term vision for growth and success in the maritime industry.
For more updates and detailed information, please visit Safe Bulkers' official website or contact their investor relations team.
Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, has announced its schedule for releasing second quarter 2024 financial results. The company will release its results on Monday, July 29, 2024, after market close. A conference call and webcast to discuss the financial results will be held on Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time.
Participants can join the conference call using various dial-in numbers, including US Toll-Free and International options. The company will also provide a live and archived webcast of the conference call, along with accompanying slides, through its website at www.safebulkers.com.
Safe Bulkers (NYSE: SB), a global marine drybulk transport service provider, has declared quarterly dividends on two of its preferred share series. Specifically, a $0.50 per share dividend on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares for the period from April 30, 2024, to July 29, 2024. These dividends will be paid on July 30, 2024, to shareholders of record as of July 19, 2024.
Dividends on these shares are payable quarterly in arrears, specifically on the 30th day of January, April, July, and October each year. The payment dates are adjusted if they fall on a weekend or public holiday. Future dividends are at the discretion of the Board of Directors and depend on various factors including earnings, fleet operations, financial condition, liquidity, and global economic conditions.
Safe Bulkers has announced its annual meeting of stockholders, scheduled for September 12, 2024, at 14:00 local time at the Fairmont Hotel in Monte Carlo, Monaco.
Stockholders of record by July 17, 2024, are entitled to receive notice and vote at the meeting.
Formal notices and proxy statements will be sent to stockholders in due course.
Safe Bulkers (NYSE: SB) has announced the acquisition of a Japanese Kamsarmax class dry-bulk vessel. The 82,000 dwt vessel will be delivered in Q1 2027 and meets IMO GHG-EEDI Phase 3 and NOx-Tier III regulations. This vessel is part of the company's strategy to modernize its fleet, focusing on energy efficiency and reduced emissions. The company has already received nine such vessels and has an orderbook of nine more, with deliveries scheduled from 2024 to 2027. President Dr. Loukas Barmparis emphasized the aim to build a young, efficient fleet in compliance with evolving CO2 emission regulations.
Safe Bulkers (NYSE: SB) announced the voluntary implementation of a new computerized Integrated Management System (IMS) starting June 1st, 2024. This IMS complies with DryBMS Standards and replaces the existing Safety Management System (SMS). The new system aligns with Rightship RISQ3 and the SSI Code of Conduct, emphasizing crew welfare and high standards for staff and fleet. Dr. Loukas Barmparis, President of Safe Bulkers, highlighted that the IMS enhances safety, health, security, and pollution prevention, surpassing international legislation and industry practices, allowing close collaboration with charterers to elevate industry standards.
Safe Bulkers (NYSE: SB), a global leader in marine drybulk transportation, has released its 2023 Sustainability Report. The report follows the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and the Sustainability Accounting Standards Board (SASB) recommendations for maritime transport. It highlights the company's environmental, social, and governance (ESG) practices. Dr. Loukas Barmparis, President of Safe Bulkers, emphasized the company's commitment to addressing environmental concerns, social needs, and strengthening governance. The report is available for download on the company's website.
Safe Bulkers, Inc. reported its unaudited financial results for Q1 2024, declaring a $0.05 cash dividend per share of common stock. Net revenues increased to $81.7 million, net income was $25.3 million, and EBITDA was $47.9 million. The company has a fleet of 46 vessels with total debt of $534.3 million. They have a newbuild program for 16 vessels, focusing on environmental upgrades and energy efficiency.
Safe Bulkers, Inc. has announced the acquisition of a new Japanese Kamsarmax class dry-bulk vessel, designed to meet strict environmental regulations. The vessel is part of the company's fleet renewal strategy, aiming to have one of the most environmentally efficient dry bulk fleets in the market.
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