Core Viewpoint - Safe Bulkers, Inc. has announced the sale of its MV Pedhoulas Merchant vessel for a gross price of $11.5 million, marking a strategic move to renew its fleet in anticipation of new vessel deliveries by 2026 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The sale of MV Pedhoulas Merchant, built in 2006, and another vessel, Pedhoulas Leader, built in 2007, is part of the company's strategy to renew its fleet [2]. - The company has an aggregate orderbook of six vessels scheduled for delivery by 2027 [2].

Core Viewpoint - Safe Bulkers, Inc. reported a decline in financial performance for Q2 2025 compared to the same period in 2024, with net revenues decreasing by 16% and net income significantly reduced, reflecting a softer market environment and increased operating expenses [1][50]. Financial Highlights - Net revenues for Q2 2025 were $65.7 million, down from $78.5 million in Q2 2024 [2]. - Net income for Q2 2025 was $1.7 million, a decrease from $27.6 million in Q2 2024 [2]. - Adjusted net income for Q2 2025 was $3.0 million, compared to $20.3 million in Q2 2024 [2]. - EBITDA for Q2 2025 was $24.2 million, down from $49.2 million in Q2 2024 [2]. - Adjusted EBITDA for Q2 2025 was $25.5 million, compared to $41.8 million in Q2 2024 [2]. Operational Metrics - The average daily time charter equivalent (TCE) rate for Q2 2025 was $14,857, down from $18,650 in Q2 2024 [3][50]. - Daily vessel operating expenses increased by 6% to $6,607 in Q2 2025 from $6,254 in Q2 2024 [57]. - Daily general and administrative expenses rose by 13% to $1,809 in Q2 2025 compared to $1,595 in Q2 2024 [58]. Fleet and Capital Expenditures - As of July 18, 2025, the company operated a fleet of 47 vessels with an average age of 10.3 years [19]. - The company has an orderbook of six newbuilds, with total capital expenditure requirements of approximately $252.4 million [20][31]. - The company has paid $76.5 million towards its orderbook, with $175.9 million remaining [31][35]. Debt and Liquidity - As of June 30, 2025, total debt was $552.6 million, with a consolidated leverage of approximately 38% [28]. - The company had $125.3 million in total cash and undrawn revolving credit facilities of $187.5 million as of June 30, 2025 [8][32]. - The repayment schedule for total debt includes $47.3 million due in 2025 and $178.3 million in 2027 [29]. Dividend Declaration - The Board declared a cash dividend of $0.05 per share on July 29, 2025, payable on September 5, 2025 [38].

Core Viewpoint - Safe Bulkers, Inc. has announced the sale of MV Pedhoulas Leader for a gross price of $12.5 million as part of its fleet renewal strategy, with delivery scheduled between August and October 2025 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The company has sold one of its oldest vessels, achieving the targeted sale price, and has six modern energy-efficient vessels on order, with four expected to be delivered by 2026 [2].

Core Viewpoint - Safe Bulkers, Inc. will release its financial results for the second quarter ended June 30, 2025, on July 29, 2025, after market closes [1] Group 1: Earnings Release Details - The earnings release is scheduled for July 29, 2025, after market closes in New York [1] - A conference call to discuss the financial results will take place on July 30, 2025, at 10:00 A.M. Eastern Time [2] Group 2: Conference Call Information - Participants should dial in 10 minutes before the scheduled time using specific numbers for US and international access [3] - An alternative "call me" option is available for participants to join the conference call more quickly [4] Group 3: Webcast and Presentation - A live and archived webcast of the conference call, along with accompanying slides, will be available on the Company's website [5] Group 4: 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 [6] - The Company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [6]

Core Viewpoint - Safe Bulkers, Inc. has released its 2024 Sustainability Report, highlighting its commitment to environmental, social, and governance (ESG) practices in the maritime transport sector [1][3]. Group 1: Sustainability Report Details - The 2024 Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and the Sustainability Accounting Standards Board (SASB) recommendations for maritime transport [2]. - The report includes additional indicators that are materially important to the company and its stakeholders [2]. Group 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 along global shipping routes [4]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [4]. Group 3: Leadership Commentary - Dr. Loukas Barmparis, President of Safe Bulkers, emphasized the report's comprehensive overview of the company's ESG practices and its strategic commitment to managing environmental risks and supporting local communities [3].

Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes for major users in the industry [6] Earnings Release Information - The company will release its financial results for the first quarter ended March 31, 2025, after the market closes on May 19, 2025 [1] - A conference call to discuss the financial results will be held on May 20, 2025, at 10:00 A.M. Eastern Time [2] Conference Call Details - Participants can join the call by dialing in 10 minutes before the scheduled time using specific toll-free numbers for the US and UK [3] - An alternative option is available for participants to register for the call using a "call me" feature for a quicker connection [4] Webcast Information - A live and archived webcast of the conference call, along with accompanying slides, will be available on the company's website [5]