Safe Bulkers, Inc. provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons. Its fleet consisted of 15 Panamax class vessels, 10 Kamsarmax class vessels, 14 post- Panamax class vessels, and four Capesize class vessels. The company was incorporated in 2007 and is based in Monaco.
IPO Year: 2008
Exchange: NYSE
Website: safebulkers.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $4.20 | Hold → Buy | DNB Markets |
| 2/27/2024 | $4.00 → $6.00 | Hold → Buy | Jefferies |
| 9/26/2022 | $5.00 → $4.00 | Buy → Hold | Jefferies |
| 7/21/2022 | $5.00 | Buy | Jefferies |
| 4/27/2022 | $4.50 | Hold | Jefferies |
| 9/13/2021 | $6.50 | Buy | H.C. Wainwright |
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MONACO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Merchant, a 2006 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $11.5 million and delivery date in September 2025. Dr. Loukas Barmparis, President of the Company commented: "With this agreement, we wound up the sale of our two oldest Kamsarmax class vessels, namely Pedhoulas Merchant built in 2006 and Pedhoulas Leader built in 2007, executing our strategy to renew our fleet in view of the four newbuilds expected to be delivered
MONACO, July 29, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six-month periods ended June 30, 2025. The Board of Directors (the "Board") of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ2 2025Q1 2025Q4 2024Q3 2024Q2 2024Six Months 2025Six Months 2024Net revenues65.764.371.575.978.5130.1160.2Net income1.77.219.425.127.68.952.9Adjusted Net income13.07.818.119.020.310.744.5EBITDA224.228.841.947.449.253.197.1Adjuste
MONACO, July 28, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Leader, a 2007 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $12.5 million and forward delivery date between August and October 2025. Dr. Loukas Barmparis, President of the Company, commented: "As part of our fleet renewal strategy, we have sold one of our oldest vessels, having achieved the targeted sale price. Our Company has on order six modern energy-efficient vessels, four of which will be delivered to us within 2026.''
Earnings Release: Tuesday, July 29, 2025, After Market Closes Conference Call and Webcast: Wednesday, July 30, 2025, at 10:00 A.M. Eastern Time MONACO, July 22, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the second quarter ended June 30, 2025, after the market closes in New York on Tuesday, July 29, 2025. On Wednesday, July 30, 2025, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the sched
MONACO, July 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from April 30, 2025 to July 29, 2025;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from April 30, 2025 to July 29, 2025. Each dividend will be paid on July 30, 2025, to all shareholders o
MONACO, June 27, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that its Board of Directors has called an annual meeting of the stockholders to be held on September 16, 2025, at 15:00 local time at the Hotel Hermitage Monte-Carlo, Square Beaumarchais, Monte-Carlo, 98000, Monaco. Stockholders of record at the close of business on July 21, 2025, will be entitled to receive notice of, and to vote at, the annual meeting, or any adjournments or postponements thereof. Formal notice of the meeting and/or the Company's proxy statement will be sent to stockholders of the Company in due cou
MONACO, June 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's 2024 Sustainability Report is available for download and can be accessed from its website using the link provided below. The 2024 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines, 'in accordance with the GRI Standards', and the Sustainability Accounting Standards Board (SASB) recommendation for maritime transport, alongside additional indicators that are materially important to the Company and its stakeholders. The r
MONACO, May 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors ("the Board") of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ1 2025Q42024Q32024Q22024Q12024Net revenues64.371.575.978.581.7Net income7.219.425.127.625.3Adjusted Net income17.818.119.020.324.2EBITDA228.841.947.449.247.9Adjusted EBITDA 229.440.741.341.846.8Earnings per share basic and diluted30.050.160.22
Earnings Release: Monday, May 19, 2025, After Market Closes Conference Call and Webcast: Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time MONACO, May 13, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the first quarter ended March 31, 2025, after the market closes in New York on Monday, May 19, 2025. On Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time u
MONACO, April 04, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine dry-bulk transportation services, announced today that it will host a special ceremony at the New York Stock Exchange honoring and promoting the Republic of Cyprus as worldwide business destination. Mr. Polys Hajioannou, Chairman and CEO of Safe Bulkers, will be joined by H.E. Nikos Christodoulides, President of the Republic of Cyprus, along with members of Cypriot government, members of the Company's board of directors and other distinguished members of the business community, to ring the Closing Bell today, Friday, April 4, 2025. The event underscores the succes
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DNB Markets upgraded Safe Bulkers from Hold to Buy and set a new price target of $4.20
Jefferies upgraded Safe Bulkers from Hold to Buy and set a new price target of $6.00 from $4.00 previously
Jefferies downgraded Safe Bulkers from Buy to Hold and set a new price target of $4.00 from $5.00 previously
Jefferies initiated coverage of Safe Bulkers with a rating of Buy and set a new price target of $5.00
Jefferies resumed coverage of Safe Bulkers with a rating of Hold and set a new price target of $4.50
H.C. Wainwright initiated coverage of Safe Bulkers with a rating of Buy and set a new price target of $6.50
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $3.50 from $3.00 previously
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $2.50 from $1.75 previously
Stifel upgraded Safe Bulkers from Hold to Buy and set a new price target of $3.00
Jefferies downgraded Safe Bulkers from Buy to Hold and set a new price target of $1.75 from $1.50 previously
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
Live Leadership Updates
MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Monaco today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class III directors at the Company's annual meeting of stockholders held in Monaco today. Konstantinos Adamopoulos, Kristin H. Holth and Frank Sica were elected Class III directors. The Class III directors were elected to hold office for a term ending at the annual meeting of stockholders in 2026 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for
MONACO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of two Class II directors at the Company's annual meeting of stockholders held in Monaco today. Loukas Barmparis and Christos Megalou were elected Class II directors. The Class II directors were elected to hold office for a term ending at the annual meeting of stockholders in 2025 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal year ending De
MONACO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Athens today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2024 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from October 30, 2020 to January 29, 2021; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from October 30, 2020 to January 29, 2021. Each dividend will be paid on February 1,
Live finance-specific insights
MONACO, July 29, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six-month periods ended June 30, 2025. The Board of Directors (the "Board") of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ2 2025Q1 2025Q4 2024Q3 2024Q2 2024Six Months 2025Six Months 2024Net revenues65.764.371.575.978.5130.1160.2Net income1.77.219.425.127.68.952.9Adjusted Net income13.07.818.119.020.310.744.5EBITDA224.228.841.947.449.253.197.1Adjuste
Earnings Release: Tuesday, July 29, 2025, After Market Closes Conference Call and Webcast: Wednesday, July 30, 2025, at 10:00 A.M. Eastern Time MONACO, July 22, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the second quarter ended June 30, 2025, after the market closes in New York on Tuesday, July 29, 2025. On Wednesday, July 30, 2025, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the sched
MONACO, July 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from April 30, 2025 to July 29, 2025;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from April 30, 2025 to July 29, 2025. Each dividend will be paid on July 30, 2025, to all shareholders o
MONACO, May 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors ("the Board") of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ1 2025Q42024Q32024Q22024Q12024Net revenues64.371.575.978.581.7Net income7.219.425.127.625.3Adjusted Net income17.818.119.020.324.2EBITDA228.841.947.449.247.9Adjusted EBITDA 229.440.741.341.846.8Earnings per share basic and diluted30.050.160.22
Earnings Release: Monday, May 19, 2025, After Market Closes Conference Call and Webcast: Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time MONACO, May 13, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the first quarter ended March 31, 2025, after the market closes in New York on Monday, May 19, 2025. On Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time u
MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from January 30, 2025 to April 29, 2025;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from January 30, 2025 to April 29, 2025. Each dividend will be paid on April 30, 2025 to all shareho
MONACO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and twelve month periods ended December 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ4 2024Q3 2024Q2 2024Q1 2024Q4 2023Twelve Months 2024Twelve Months 2023Net revenues71.575.978.581.782.3307.6284.4Net income19.425.127.625.327.697.477.4Adjusted Net income118.119.020.324.229.581.670.2EBITDA241.947.449.247.948.8186.4156.2Ad
Earnings Release: Tuesday, February 18, 2025, After Market Closes Conference Call and Webcast: Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time MONACO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the fourth quarter ended December 31, 2024, after the market closes in New York on Tuesday, February 18, 2025. On Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minute
MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from October 30, 2024 to January 29, 2025; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from October 30, 2024 to January 29, 2025. Each dividend will be paid on January 30, 2025 to all s
MONACO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and nine month periods ended September 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ3 2024Q2 2024Q1 2024Q4 2023Q3 2023Nine Months 2024Nine Months 2023Net revenues75.978.581.782.364.7236.1202.1Net income25.127.625.327.615.078.049.7Adjusted Net income119.020.324.229.511.163.440.7EBITDA247.449.247.948.834.8144.5107.4Adjusted EB