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 ...

Core Viewpoint - Safe Bulkers, Inc. is implementing a new computerized Integrated Management System (IMS) starting June 1st, which aligns with DryBMS Standards and focuses on Crew Welfare and SSI Code of Conduct, enhancing safety and operational standards for the fleet [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, specializing in transporting bulk cargoes such as grain, coal, and iron ore along global shipping routes for major users in the industry [2]. System Implementation - The new IMS replaces the existing Safety Management System (SMS) and aims to exceed compliance with international legislation and industry guidelines, promoting collaboration with charterers to elevate industry standards [1][2]. Leadership Commentary - Dr. Loukas Barmparis, President of the Company, emphasized that the IMS will enhance performance in safety, health, security, and pollution prevention, thereby improving overall operational effectiveness [2].

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 ...

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 ...

Financial Data and Key Metrics Changes - In Q1 2024, the company reported a net income of $25.3 million, an increase from $19.3 million in Q1 2023 [19] - Adjusted EBITDA for Q1 2024 was $46.8 million compared to $33.1 million in the same period of 2023 [49] - The company maintained a strong liquidity position of approximately $216 million and a comfortable leverage of 34% [8][58] Business Line Data and Key Metrics Changes - The average number of vessels operated increased to 47.08 in Q1 2024 from 43.3 in Q1 2023, with a time charter equivalent (TCE) of $18,158 compared to $3,760 in the previous year [19] - The company executed the repurchase of 4.9 million shares and declared a dividend of $0.05 per share [3][57] Market Data and Key Metrics Changes - The global drybulk demand growth is forecasted at 3% for 2024, with expectations of gradual control of inflation and a resilient global economy [4] - The average daily rate for Capesize vessels in period charters is approximately $24,400, while the current market rate is around $19,500 [14] Company Strategy and Development Direction - The company is focused on fleet modernization by divesting older vessels and ordering new Phase 3 vessels, with a commitment to operational environmental excellence [5][44] - The strategic positioning of the fleet, with 85% comprised of Japanese-built vessels, enhances competitiveness in the environmental-based charter market [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the near- to medium-term trajectory of the freight market, supported by a low order book and aging fleet dynamics [15] - The company anticipates challenges from persistent inflation and geopolitical tensions but remains committed to leveraging liquidity for growth opportunities [59] Other Important Information - The company has a contracted revenue of about $276 million, providing flexibility in capital allocation [8] - The company is maintaining a healthy cash position of about $82 million, with an additional $164 million available in revolving credit facilities [59] Q&A Session Summary Question: How would you characterize the liquidity in the term market? - Management indicated that while rates may have come down, there is still sufficient liquidity to secure long-term charters [22] Question: Can you provide commentary on operating expenses forecasts for the remainder of the year? - Management noted that operating expenses increased due to substantial supplies for dry dockings but do not expect significant annual differences [28] Question: What are the thoughts on the buyback program going forward? - Management mentioned that the buyback program is nearly exhausted, and future decisions will depend on capital allocation strategies [66]

Apt. D11, Les Acanthes 6, Avenue des Citronniers, MC98000 Monaco (Address of principal executive office) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 SAFE BULKERS, INC. (Translation of registrant's name into English) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) Commission File Number 001-34077 SAFE BULKERS, INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Republic of the Marshall Islands (Jurisdiction of incorporation or organization) Safe Bulkers, Inc. Apt. D11 Les Acanthes 6, Avenue des Citronniers MC98000 Monaco (Address of principal executive office) Dr. Loukas Barmparis President Telephone: +30 ...