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Safe Bulkers, Inc. - SB STOCK NEWS

Welcome to our dedicated page for Safe Bulkers news (Ticker: SB), a resource for investors and traders seeking the latest updates and insights on Safe Bulkers stock.

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.

News

Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2023 Results, Conference Call, and Webcast

Rhea-AI Summary
Safe Bulkers, Inc. (NYSE: SB) will release its Q4 2023 results on February 12, 2024, followed by a conference call on February 13, 2024, to discuss the financial results. Participants can join the call using the provided dial-in numbers or register for the call me option for a faster connection. A live webcast of the conference call and accompanying slides will be available through the Company’s website.
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Safe Bulkers, Inc. to Present at Capital Link’s Corporate Presentation Series

Rhea-AI Summary
Safe Bulkers, Inc. will participate in Capital Link’s Corporate Presentations Webinar Series on January 31, 2024, to discuss the company’s current operations, business development, growth prospects, and sector outlook. The senior management team will present, including President Dr. Loukas Barmparis, CFO Mr. Konstantinos Adamopoulos, and Assistant CFO, Chief Compliance Officer Mr. Thanasis Antonakis. Participants can register for the webinar and submit questions for a live Q&A session. Institutional investors can request 1-on-1 meetings with company management.
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Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel

Rhea-AI Summary
Safe Bulkers, Inc. (NYSE: SB) announces acquisition of a Japanese 82,000 dwt dry-bulk vessel with advanced energy efficiency characteristics. The vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index and comply with NOx emissions regulation. The company has an outstanding orderbook of nine Phase 3 newbuild vessels, showcasing its commitment to ESG strategy and fleet renewal.
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Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares

Rhea-AI Summary
Safe Bulkers, Inc. (NYSE: SB) declares cash dividends of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares, payable on January 30, 2024, to shareholders of record as of January 19, 2024.
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Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel

Rhea-AI Summary
Safe Bulkers, Inc. (NYSE: SB) has announced the acquisition of an 82,000 dwt, Kamsarmax class vessel with advanced energy efficiency features, meeting the latest environmental regulations. The company has a total orderbook of eight newbuild vessels, positioning itself as one of the most environmentally efficient dry bulk fleets in the market.
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Safe Bulkers, Inc. Announces a Five Million Shares of Common Stock Repurchase Program

Rhea-AI Summary
Safe Bulkers, Inc. (NYSE: SB) has authorized a program to repurchase up to 5,000,000 shares of its common stock, potentially representing 4.5% of outstanding shares and 8.1% of its public float. The program allows for flexibility in purchasing shares and may be modified or terminated at any time. The repurchases will be made in compliance with applicable laws and regulations, funded using the company's existing cash resources.
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Safe Bulkers, Inc. Announces Sale of a 2015-built Kamsarmax Class Dry-bulk Vessel

Rhea-AI Summary
Safe Bulkers, Inc. (SB) announces the sale of MV Pedhoulas Cherry, a 2015 Chinese-built, Kamsarmax class, dry-bulk vessel at a gross sale price of $26.6 million with an estimated forward delivery in January to February 2024. The President, Dr. Loukas Barmparis, highlighted the decision to proceed with the sale as the company takes delivery of Phase 3 newbuilds, aiming to maintain an environmentally efficient dry bulk fleet.
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Safe Bulkers, Inc. Announces the Formation of a Board of Directors Committee on Environmental, Social and Governance

Rhea-AI Summary
Safe Bulkers, Inc. (SB) forms a new Board of Directors committee on Environmental, Social and Governance (ESG) to support the company's overall ESG strategic direction. The committee consists of six Board members, four of whom are independent directors. The President of the Company will lead the management team on ESG matters and report to the ESG Committee. The ESG Committee will review the Company’s ESG performance and ensure governance oversight by the Board of Directors of the ESG strategy and implementation, consistent with the priorities outlined in the Company’s sustainability report. Dr. Loukas Barmparis, President of the Company, stated that the formation of the new ESG committee is a result of the specific focus required by the Board on the overall ESG strategy of the Company. The Company implements its ESG strategy as articulated in the latest sustainability report, with the most recent step towards decarbonization being the ordering of two methanol dual-fueled newbuilds ahead of its peers.
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Safe Bulkers, Inc. Announces Sale of a 2004-built Panamax Class Dry-bulk Vessel

Rhea-AI Summary
Safe Bulkers, Inc. (SB) Announces Sale of MV Katerina for $10.2 Million: Safe Bulkers, Inc. (NYSE: SB), a global marine drybulk transportation services provider, has finalized the sale of MV Katerina, a 2004 Japanese-built Panamax class dry-bulk vessel, at a gross sale price of $10.2 million. The sale is part of the Company's fleet renewal strategy, with plans to focus on environmentally efficient dry bulk fleets. President Dr. Loukas Barmparis highlighted the sale and the Company's remaining orderbook of eight Phase 3 newbuilds, including two methanol dual fuel vessels, to be delivered by Q1-2027.
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Safe Bulkers, Inc. Reports Third Quarter and Nine Months 2023 Results and Declares Dividend on Common Stock

Rhea-AI Summary
Safe Bulkers, Inc. (NYSE: SB) Announces Strong Financial Results and Dividend Declaration
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FAQ

What is the current stock price of Safe Bulkers (SB)?

The current stock price of Safe Bulkers (SB) is $4.23 as of November 20, 2024.

What is the market cap of Safe Bulkers (SB)?

The market cap of Safe Bulkers (SB) is approximately 452.7M.

What does Safe Bulkers, Inc. do?

Safe Bulkers, Inc. provides marine drybulk transportation services, primarily transporting coal, grain, and iron ore.

Where is Safe Bulkers, Inc. based?

Safe Bulkers, Inc. is headquartered in Monaco.

How many vessels does Safe Bulkers, Inc. operate?

As of March 2020, Safe Bulkers operates 41 drybulk vessels.

What is the total carrying capacity of Safe Bulkers' fleet?

The total carrying capacity of Safe Bulkers' fleet is 3,777,000 deadweight tons.

What types of vessels are in Safe Bulkers' fleet?

Safe Bulkers' fleet includes 14 Panamax, 10 Kamsarmax, 13 Post-Panamax, and 4 Capesize vessels.

How does Safe Bulkers, Inc. charter its vessels?

Safe Bulkers charters its vessels using both period time charters and spot time charters based on market conditions.

When was Safe Bulkers, Inc. founded?

Safe Bulkers, Inc. was founded in 2007.

What is the average age of Safe Bulkers' vessels?

The average age of Safe Bulkers' vessels is 9.5 years.

Who are the main clients of Safe Bulkers, Inc.?

Safe Bulkers has strong partnerships with major clients in the drybulk transportation industry.

How can I get more information about Safe Bulkers, Inc.?

For more information, you can visit Safe Bulkers' official website or contact their investor relations team.

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Safe Bulkers, Inc.

NYSE:SB

SB Rankings

#3185 Ranked by Market Cap
#605 Ranked by Dividends

SB Stock Data

452.68M
58.40M
45.31%
28.46%
1.62%
Marine Shipping
Industrials
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United States of America
Monaco