Orderbook Vessel Sales Newbuild delivery During the second quarter of 2024, we operated 45.43 vessels, on average earning a TCE of $18,650, compared to 44.01 vessels earning a TCE of $17,271 during the same period in 2023. As of July 19, 2024, we employed, or had contracted to employ, (i) 9 vessels in the spot time charter market (with up to three months` original duration) and (ii) 38 vessels in the period time charter market (with original duration in excess of three months). Of the vessels chartered in t ...

Management Commentary Implementation of Integrated Management System in Compliance with DryBMS Standards The Company is gradually renewing its fleet with newbuilds designed to meet the most recent International Maritime Organization (the "IMO") regulations related to the reduction of greenhouse gas emissions (the "IMO GHG Phase 3") and nitrogen oxides emissions (the "IMO NOx Tier III"), and selectively selling older vessels. As of July 19, 2024, the IMO GHG Phase 3 NOx Tier III newbuild program consisted of ...

Earnings Release: Monday, July 29, 2024, After Market Closes MONACO, July 22, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the second quarter ended June 30, 2024, after the market closes in New York on Monday, July 29, 2024. Conference Call Details: Slides and Audio Webcast: The Company is an international provider of marine drybulk transportation services, transp ...

MONACO, July 02, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: Each dividend will be paid on July 30, 2024, to all shareholders of record as of July 19, 2024 of the Series C Preferred Shares and of the Series D Preferred Shares, respectively. Dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day (unless ...

MONACO, July 02, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE: SB.PR.C) for the period from April 30, 2024 to July 29, 2024; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemabl ...

MONACO, June 27, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that its Board of Directors has called an annual meeting of the stockholders to be held on September 12, 2024, at 14:00 local time at the Fairmont Hotel, 12 Avenue des Spélugues, Monte Carlo, 98000 Monaco. Stockholders of record at the close of business on July 17, 2024 will be entitled to receive notice of, and to vote at, the annual me ...

MONACO, June 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel, with a scheduled delivery date within the first quarter of 2027. The newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of greenhouse gas emissions ("IM ...

MONACO, May 31, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that from June 1st, it is voluntary implementing a new computerized Integrated Management System ('IMS') in compliance with DryBMS Standards. The new IMS replaces the existing Safety Management System ('SMS'), is in line with Rightship RISQ3, focusing on Crew Welfare and SSI Code of Conduct, and ensuring the competence and commitment to the ...

ahmet ihsan ariturk Thesis When I first wrote about Safe Bulkers (NYSE:SB) in January 2023, my thesis had four pillars. Since my article, SB has significantly outperformed a collection of peers on a price appreciation and total return basis, with only Golden Ocean coming in close. Shareholders have achieved a total return of 89%, or 59% annualised. As for my assumptions: If you want to invest in the dry-bulk sector, SB still seems the best value and highest-quality company. That said, the sector is less att ...

MONACO, May 30, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's 2023 Sustainability Report is available for download and can be accessed from its website using the link provided below. The 2023 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines, 'in accordance with the GRI Standards', and the Sustaina ...