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.
Safe Bulkers, an international provider of marine drybulk transportation services, announced participation in Capital Link’s Corporate Presentation Webinar Series on January 17, 2023, at 11:00 AM Eastern Time. The senior management team will discuss the company's operations, business development, and the dry bulk sector's outlook.
Interested participants can register via the provided link, after which they will receive a confirmation email with a link to the presentation. A live Q&A session will allow attendees to submit questions, and institutional investors can request 1x1 meetings with management.
The company's stock trades on NYSE under the symbols SB, SB-PC, and SB-PD.
Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share for its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. These dividends, covering the period from October 30, 2022, to January 29, 2023, will be paid on January 30, 2023, to shareholders of record as of January 20, 2023. The company emphasizes that future dividends will depend on financial conditions, cash requirements, and market conditions.
On November 9, 2022, Safe Bulkers, Inc. (NYSE: SB) reported its Q3 2022 financial results, demonstrating net revenues of $93.7 million, a slight increase from $92.5 million in Q3 2021. The company declared a cash dividend of $0.05 per share, payable on December 15, 2022. Despite reporting a net income of $51.0 million, down from $55.4 million the previous year, Safe Bulkers maintained a robust balance sheet with total cash of $135.9 million. The shipping sector continues to face challenges from COVID-19 and geopolitical tensions, particularly due to the ongoing war in Ukraine.
Safe Bulkers, Inc. (NYSE: SB) announced its third-quarter earnings release scheduled for November 9, 2022, after market closure. The company is an international provider of marine drybulk transportation services, specializing in bulk cargo transport like coal and grain.
A conference call to discuss the financial results will be held on November 10, 2022, at 10:00 A.M. Eastern Time. Participants can join via dial-in numbers or register for a call-back option for convenience.
The company emphasizes growth through vessel acquisitions and time charters, although forward-looking statements carry inherent risks.
On October 4, 2022, Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share on its 8.00% Series C and D Cumulative Redeemable Preferred Shares for the period from July 30 to October 29, 2022. The dividends, totaling $0.50 each, will be paid on October 31, 2022 to shareholders of record as of October 21, 2022. The Company emphasizes that dividend declarations depend on various financial conditions and market dynamics.
On September 26, 2022, Safe Bulkers, Inc. (NYSE: SB) elected Loukas Barmparis and Christos Megalou as Class II directors at its annual stockholders' meeting in Monaco. They will serve until the next meeting in 2025. Additionally, the appointment of Deloitte as the independent auditors for the fiscal year ending December 31, 2022, was ratified by stockholders. Safe Bulkers is a provider of marine drybulk transportation services, primarily transporting coal, grain, and iron ore along global shipping routes.
Safe Bulkers, Inc. (NYSE: SB) has announced the sale of the MV Pedhoulas Trader, a 2006 Japanese-built Kamsarmax class dry-bulk vessel, for a net price of $15.84 million, with delivery scheduled for December 2022. President Dr. Loukas Barmparis stated that this sale is part of the company's strategy to upgrade its fleet to comply with new environmental regulations while enhancing competitiveness. The company focuses on transporting bulk cargoes globally and is adapting to the challenges of a stringent regulatory environment.
Safe Bulkers, Inc. (NYSE: SB) has released its September 2022 corporate presentation, accessible on its website. Dr. Loukas Barmparis, the Company's President, will be a panelist at a dry bulk shipping sector forum on September 21, 2022, in New York City, organized with DNB and Nasdaq. Safe Bulkers is a global provider of marine drybulk transportation, focused on coal, grain, and iron ore. Their common and preferred stocks trade under SB, SB-PC, and SB-PD.
Safe Bulkers reported strong financial results for Q2 2022, with net income of $50.3 million, up from $32.4 million in Q2 2021. Net revenues grew 12% year-over-year to $91.6 million. The company declared a cash dividend of $0.05 per share, payable on September 1, 2022. As of June 30, 2022, total cash was $139.4 million and total debt was $432.6 million. The fleet comprises 42 vessels, including new environmentally friendly builds aimed at reducing emissions. Despite operational challenges due to COVID-19 and geopolitical conflicts, Safe Bulkers maintains a robust balance sheet and liquidity position.
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