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Safe Bulkers Announces Filing of 2022 Annual Report on Form 20-F

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Safe Bulkers, Inc. (NYSE: SB) filed its 2022 Annual Report on Form 20-F with the SEC on March 6, 2023. The report details the company's operations in marine drybulk transportation, focusing on the movement of coal, grain, and iron ore. Shareholders can access the report through the company's website or request a hard copy from Capital Link. Safe Bulkers provides essential services to major bulk cargo users worldwide, with its common stock and preferred shares trading under symbols SB, SB.PR.C, and SB.PR.D, respectively. The report includes forward-looking statements regarding the company's growth strategy and future vessel acquisitions.

Positive
  • Filing of the 2022 Annual Report, indicating compliance and transparency.
  • Continued operations in marine drybulk transportation catering to major global clients.
Negative
  • Forward-looking statements include risks and uncertainties that may impact actual results.
  • Dependence on market demand for drybulk vessels poses a potential risk.

MONACO, March 06, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed its 2022 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”).

The 2022 Annual Report on Form 20-F is available by link through the Company’s website, www.safebulkers.com, under Investors and SEC Filings.

Alternatively, shareholders may also receive a hard copy of the 2022 Annual Report on Form 20- F, free of charge, by request to Capital Link, using the contact details provided at the end of this press release.

About Safe Bulkers, Inc.

Safe Bulkers is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. Safe Bulkers common stock, Series C preferred stock and Series D preferred stock are listed on the NYSE, where they trade under the symbols “SB,” “SB.PR.C” and “SB.PR.D,” respectively.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in the Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, Safe Bulkers’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although Safe Bulkers believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Safe Bulkers. Actual results may differ materially from those expressed or implied by such forward- looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which Safe Bulkers operates, risks associated with operations outside the United States and other factors listed from time to time in Safe Bulkers’ filings with the Securities and Exchange Commission. Safe Bulkers expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Company Contact:
Dr. Loukas Barmparis President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
+357 25 887 200
E-Mail: directors@safebulkers.com

Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com


FAQ

When did Safe Bulkers file its 2022 Annual Report?

Safe Bulkers filed its 2022 Annual Report on March 6, 2023.

Where can I access the 2022 Annual Report for Safe Bulkers?

The 2022 Annual Report is available on Safe Bulkers' website under Investors and SEC Filings.

What are the stock symbols for Safe Bulkers?

Safe Bulkers common stock trades under the symbol SB, and its preferred stocks are SB.PR.C and SB.PR.D.

What does Safe Bulkers primarily transport?

Safe Bulkers primarily transports bulk cargoes like coal, grain, and iron ore.

What risks are associated with Safe Bulkers' growth strategy?

Risks include changes in demand for drybulk vessels and competitive market factors.

Safe Bulkers, Inc.

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Marine Shipping
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United States of America
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