Core Viewpoint - Safe Bulkers, Inc. has announced the sale of MV Michalis H for a gross price of $35.2 million, aligning with its renewal strategy and market timing [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, focusing on transporting bulk cargoes such as coal, grain, and iron ore [2]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [2]. Transaction Details - The MV Michalis H, a Capesize class vessel built in 2012, is set for delivery within the first quarter of 2026 [1]. - The sale is considered optimal in the current market cycle, reflecting the company's strategic approach to fleet renewal [2]. Future Outlook - The company currently has an orderbook consisting of eight vessels scheduled for delivery by 2029 [2].