Safe Bulkers(US:SB)2020-08-05 15:47Financial Performance & Liquidity - Safe Bulkers reported liquidity of $111.3 million as of July 31, 2020 [45, 47, 50] - The company's debt profile shows lower loan payments in 2020 and 2021, with total debt of $630.3 million [53] - Q2 2020 TCE rate was $8,094, compared to $11,970 in 2019 [65, 75] - Q2 2020 Adjusted EPS was -$0.16, compared to -$0.01 in 2019 [67] - Net revenue for Q2 2020 was $48.3 million, compared to $45.5 million in 2019 [64] Chartering & Revenue - Anticipated aggregate gross revenue from all 8 period time charters is approximately $113.7 million [7] Environmental Investments - The aggregate cost of environmental investments as of June 30, 2020, was $58.2 million [36] - The company is retrofitting scrubbers in 20 vessels and ballast water treatment systems in 41 vessels [38] Market Conditions & Outlook - China's GDP showed a 3.2% growth in Q2, indicating a V-shape recovery [18] - China's Iron Ore imports increased by 9.3% in Jan-Jun '20 [22] - China's Thermal Coal and Lignite Imports increased by 34.5% in Jan-Jun '20 [24] - China's Soybean Imports increased by 17.7% in Jan-Jun '20 [26]