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Safe Bulkers - 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. Announces Sale of a 2015-built Kamsarmax Class Dry-bulk Vessel

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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

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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

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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

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Safe Bulkers, Inc. (NYSE: SB) Announces Strong Financial Results and Dividend Declaration
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Safe Bulkers, Inc. Sets Date for the Third Quarter 2023 Results, Conference Call and Webcast

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Safe Bulkers, Inc. will release its Q3 2023 results on November 7, 2023, after the market closes. The company will host a conference call on November 8, 2023, at 9:00 A.M. Eastern Time 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 webcast of the conference call and accompanying slides will be available on the company's website.
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Safe Bulkers, Inc. Announces Contracts for the Acquisition of Two Dual-Fueled Kamsarmax Class Newbuild Vessels

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Safe Bulkers, Inc. announces contracts for acquisition of two dual-fueled dry-bulk vessels
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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

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Safe Bulkers, Inc. declares cash dividends for Series C and D Preferred Shares.
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Safe Bulkers, Inc. Announces Results of 2023 Annual Meeting of Stockholders

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Safe Bulkers, Inc. announced election of three Class III directors and ratification of independent auditors.
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Safe Bulkers, Inc. Reports Second Quarter 2023 Results and Declares Dividend on Common Stock

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Safe Bulkers, Inc. (NYSE: SB) announced unaudited financial results for Q2 2023 with net revenues of $70.6 million and a cash dividend of $0.05 per share. The company also issued its 2022 Sustainability Report, focusing on environmental upgrades, and fleet and financial updates. The report is available for download on the company's website. The company also disclosed its liquidity, capital resources, capital expenditure requirements, and debt as of June 30, 2023, and July 21, 2023.
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Safe Bulkers, Inc. Announces Availability of 2022 Sustainability Report

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FAQ

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

The current stock price of Safe Bulkers (SB) is $3.74 as of February 28, 2025.

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

The market cap of Safe Bulkers (SB) is approximately 400.4M.

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

NYSE:SB

SB Rankings

#2096 Ranked by Market Cap
#561 Ranked by Dividends

SB Stock Data

400.36M
56.92M
45.31%
28.56%
1.5%
Marine Shipping
Industrials
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Monaco
Monaco