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Safe Bulkers Announces Filing of 2025 Annual Report on Form 20-F
Globenewswire· 2026-03-04 21:05
Core Viewpoint - Safe Bulkers, Inc. has filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, providing insights into its operations and financial performance for the year [1]. 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 [3]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [3]. Report Availability - The 2025 Annual Report on Form 20-F is accessible through the company's website under the Investors and SEC Filings section [1]. - Shareholders can request a hard copy of the report free of charge from Capital Link [2].
Safe Bulkers to Participate in Capital Link’s 20th Annual International Shipping Forum in New York
Globenewswire· 2026-03-03 14:00
Core Viewpoint - Safe Bulkers, Inc. is participating in the 20th Annual International Shipping Forum on March 9, 2026, in New York City, which will focus on global shipping market developments and capital market conditions [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 [3]. Event Details - The forum will gather senior executives from leading shipping companies, institutional investors, analysts, and financial media to discuss the industry outlook [2]. - Company management will be available for one-on-one meetings with institutional investors during the event [2]. Contact Information - For inquiries, the company contact is Dr. Loukas Barmparis, President of Safe Bulkers, Inc. [5]. - Investor relations can be directed to Nicolas Bornozis, President of Capital Link, Inc. [6].
Safe Bulkers, Inc. to Participate in the Dry Bulk Shipping Panel at the DNB Carnegie Energy & Shipping Conference in Oslo
Globenewswire· 2026-02-26 14:00
Core Viewpoint - Safe Bulkers, Inc. is participating in the Dry Bulk Shipping Panel at the DNB Carnegie Energy & Shipping Conference in Oslo, Norway, on March 4-5, 2026, highlighting its role in the marine drybulk transportation industry [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 for major users of these services [3]. Event Details - The DNB Carnegie Energy & Shipping Conference is a prominent Nordic event that connects listed companies with capital markets, providing insights into market trends and industry outlooks [2]. - Company management will be available for one-on-one meetings with institutional investors during the conference [2].
Safe Bulkers, Inc. Reports Fourth Quarter 2025 Results and Declares Dividend on Common Stock
Globenewswire· 2026-02-18 21:05
Core Viewpoint - Safe Bulkers, Inc. reported its unaudited financial results for the year ending December 31, 2025, highlighting a cash dividend declaration of $0.05 per share and a decrease in net income compared to the previous year [1][28]. Financial Highlights - Net revenues for Q4 2025 were $72.6 million, a slight increase from $71.5 million in Q4 2024, while total revenues for 2025 were $275.7 million, down from $307.6 million in 2024 [2][40]. - Net income for Q4 2025 was $11.8 million, down from $19.4 million in Q4 2024, with adjusted net income at $15.9 million compared to $18.1 million in the same period last year [2][40]. - EBITDA for Q4 2025 was $33.3 million, down from $41.9 million in Q4 2024, while adjusted EBITDA was $37.4 million compared to $40.7 million in Q4 2024 [2][40]. Operational Metrics - The average daily time charter equivalent (TCE) rate for Q4 2025 was $17,050, an increase from $16,521 in Q4 2024 [3][40]. - Daily vessel operating expenses rose to $5,683 in Q4 2025 from $5,047 in Q4 2024, with expenses excluding dry-docking and pre-delivery costs at $5,057, up from $4,787 [3][48]. - The average age of the fleet increased to 10.39 years as of December 31, 2025, compared to 9.99 years in the previous year [4][60]. Debt and Liquidity - Total debt as of December 31, 2025, was $540.1 million, with a consolidated leverage of approximately 34% [4][21]. - The company had $162.8 million in cash and cash equivalents, along with $219.5 million in undrawn revolving credit facilities [4][23]. - The repayment schedule for secured debt indicates significant payments due in 2026 and 2027, totaling $44.8 million and $186.7 million, respectively [21]. Fleet and Environmental Initiatives - The fleet consisted of 45 vessels, with one vessel agreed to be sold, and an orderbook of eight newbuilds, including two methanol dual-fueled vessels [12][13]. - The company is focused on environmental upgrades, with 26 vessels upgraded to improve energy efficiency and reduce greenhouse gas emissions [9][10]. - The company has amended its credit facility to align with its sustainability agenda, incorporating performance metrics related to fleet carbon intensity [8]. Dividend Policy - The Board declared a cash dividend of $0.05 per share, payable on March 18, 2026, to shareholders of record as of March 2, 2026 [28][29]. - The company has a history of consistent dividend payments, including a previous dividend of $0.05 per share in November 2025 [30].
Safe Bulkers, Inc. Announces Sale of a 2012-Built Capesize Class Dry-bulk Vessel
Globenewswire· 2026-02-13 21:05
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].
Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2025 Results, Conference Call, and Webcast
Globenewswire· 2026-02-09 14:00
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 of these services [6]. Earnings Release Information - The company will release its financial results for the fourth quarter ended December 31, 2025, after the market closes on February 18, 2026 [1]. - A conference call to discuss the financial results will be held on February 19, 2026, at 10:00 A.M. Eastern Time [2]. Conference Call Details - Participants can join the conference call by dialing in 10 minutes before the scheduled time using specific numbers provided for US and international access [3]. - An alternative option for participants is to register for the call using a "call me" feature for a quicker connection [4]. Webcast Information - There will be a live and archived webcast of the conference call along with accompanying slides available on the company's website [5].
Safe Bulkers, Inc. Reports Third Quarter 2025 Results and Declares Dividend on Common Stock
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Safe Bulkers, Inc. reported its unaudited financial results for Q3 and the first nine months of 2025, highlighting a decrease in net revenues and net income compared to the same periods in 2024, while also declaring a cash dividend of $0.05 per share [1][38]. Financial Highlights - Net revenues for Q3 2025 were $73.1 million, a decrease of 4% from $75.9 million in Q3 2024 [2]. - Net income for Q3 2025 was $17.8 million, down from $25.1 million in Q3 2024 [2]. - Adjusted net income for Q3 2025 was $13.9 million, compared to $19.0 million in Q3 2024 [2]. - EBITDA for Q3 2025 was $40.1 million, down from $47.4 million in Q3 2024 [2]. - Earnings per share for Q3 2025 were $0.15, compared to $0.22 in Q3 2024 [2]. Average Daily Results - The average time charter equivalent (TCE) rate for Q3 2025 was $15,507, compared to $17,108 in Q3 2024 [3]. - Daily vessel operating expenses for Q3 2025 were $5,104, a decrease from $5,311 in Q3 2024 [3]. - Daily general and administrative expenses increased to $1,762 in Q3 2025 from $1,680 in Q3 2024 [3]. Selected Financial Highlights - Total cash as of Q3 2025 was $123.9 million, down from $135.9 million in Q4 2024 [8]. - Total debt as of Q3 2025 was $516.3 million, compared to $489.8 million in Q3 2024 [8]. - The number of vessels at the end of Q3 2025 was 45, consistent with Q3 2024 [8]. Management Commentary - The President of the Company noted the impact of geopolitical factors on market volatility and the ongoing fleet renewal strategy, including the sale of older vessels [12]. - The Company is focused on aligning its financing with sustainability goals through a new $75 million sustainability-linked credit facility [14]. Fleet Update - As of November 21, 2025, the fleet consisted of 45 vessels with an average age of 10.3 years [18]. - The Company has an orderbook of six newbuilds, including two methanol dual-fueled vessels scheduled for delivery in 2026 and 2027 [19]. Vessel Sales - The Company sold two Kamsarmax class vessels in 2025 for gross sale prices of $12.5 million and $11.5 million, respectively, as part of its fleet renewal strategy [20][21]. Chartering Strategy - The Company employs its vessels under both period time charters and spot time charters, with a focus on maintaining flexibility in low charter market conditions [22]. - As of November 21, 2025, the Company had contracted revenue of approximately $153.5 million from its charter contracts [23]. Debt and Liquidity - As of September 30, 2025, the Company had a consolidated debt of $525.0 million and a consolidated leverage of approximately 35% [26]. - The Company had $123.9 million in cash and $266.5 million in undrawn borrowing capacity as of September 30, 2025 [32]. Dividend Policy - The Board declared a cash dividend of $0.05 per share, payable on December 19, 2025 [38].
Safe Bulkers, Inc. Sets Date for the Third Quarter 2025 Results, Conference Call, and Webcast
Globenewswire· 2025-11-19 21:05
Core Viewpoint - Safe Bulkers, Inc. is set to release its third-quarter financial results for the period ending September 30, 2025, after market close on November 25, 2025, followed by a conference call on November 26, 2025, at 10:00 A.M. Eastern Time [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 for major users of these services [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" respectively [6]. Conference Call Details - The conference call will be hosted by the company's management team to discuss the financial results, with participants advised to dial in 10 minutes prior to the scheduled time using specific toll-free numbers [2][3]. - An alternative registration option is available for participants to join the call more quickly [4]. Webcast Information - A live and archived webcast of the conference call, along with accompanying slides, will be accessible through the company's website [5]. Participants are encouraged to register approximately 10 minutes before the webcast starts [5].
Safe Bulkers, Inc. to Participate in Capital Link's 17th Annual New York Maritime Forum on October 14, 2025
Globenewswire· 2025-10-07 20:05
Core Points - Safe Bulkers, Inc. announced participation in the 17th Annual New York Maritime Forum on October 14, 2025 [1] - The company will hold one-on-one investor meetings during the event [2] - Safe Bulkers is an international provider of marine drybulk transportation services, focusing on transporting coal, grain, and iron ore [3] Company Overview - Safe Bulkers, Inc. operates in the marine drybulk transportation sector, serving major users of these services globally [3] - The company's common stock and preferred stock are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [3]
Safe Bulkers, Inc. Announces Results of 2025 Annual Meeting of Stockholders
Globenewswire· 2025-09-16 20:05
Core Points - Safe Bulkers, Inc. announced the election of three Class II directors at its annual meeting of stockholders held in Monaco [1] - The elected directors are Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou, who will serve until the annual meeting in 2028 [2] - Stockholders ratified the appointment of Deloitte as the independent auditors for the fiscal year ending December 31, 2025 [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 [3] - The company's common stock and preferred stock are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [3]