Safe Bulkers(US:SB)2025-07-30 14:00Market Overview - The global dry bulk fleet is aging, with 25% being over 15 years old[17] - The dry bulk orderbook represents 10.3% of the existing fleet[17] - IMF projects global GDP growth of +3.0% for 2025 and +3.1% for 2026[30] - IMF projects global inflation of 4.2% for 2025 and 3.6% for 2026[30] - Dry bulk demand is expected to be 0% in 2025 and +1.5% in 2026[32] Company Performance - The company declared a quarterly dividend of $0.05 per share, representing a 4.7% dividend yield[44] - Net revenues for the quarter were $65.7 million[44] - The company has $313 million in liquidity and capital resources[44] - Adjusted EPS was $0.01[61] Financial Position - The company estimates $176 million in additional borrowing capacity[54] - Fleet scrap value is estimated at $312.2 million[54] - Net debt per vessel is $9.1 million[55] - Consolidated leverage is 38%[45, 55]