Safe Bulkers(SB) - 2025 Q1 - Earnings Call Presentation

Market Overview - The IMF projects global GDP growth of +2.8% for 2025 and +3% for 2026[32] - Global inflation is estimated at 4.3% for 2025 and 3.6% for 2026[32] - Dry bulk demand is expected to be 0% in 2025 and +1.5% in 2026[32] - The orderbook represents 11% of the existing dry bulk fleet[18] Company Performance - The company declared a $0.05 per share quarterly dividend[46] - The company repurchased 3 million common shares[46] - Net revenues were $64.3 million for the quarter[46] - The company's consolidated leverage is 37%[46, 57] Financial Strength - The company has $128 million in cash[55] - Contracted revenues stand at $203 million[55] - The estimated fleet scrap value is $317 million[55, 56]