Safe Bulkers(US:SB)2023-02-15 14:55Financial Performance & Fleet Data - Net revenues were $924 million in 2022[131], compared to $867 million in 2021[131] - Time charter equivalent rate was $21078 in Q4 2022[10], compared to $26180 in Q4 2021[10] - Daily vessel operating expenses were $5323 in Q4 2022[10], compared to $5149 in Q4 2021[10] - The company had 44 vessels at the end of 2022[10] Liquidity & Capital Resources - As of December 31, 2022, the company had $1233 million in cash, cash equivalents, bank time deposits and restricted cash[76] - As of December 31, 2022, the company had $292 million in secured contracted revenues[87] - As of December 31, 2022, the company had $423 million in debt[87] - As of December 31, 2022, the company had $348 million in scrap value[76] Market Outlook & Strategy - Global dry bulk demand is expected to grow by 11% in 2023[32] - The company is investing in Phase 3 newbuilds to enhance fleet environmental competitiveness[48] - As of February 10, 2023, 56% of the common stock repurchase program had been completed, with 2807418 shares repurchased and cancelled[84]