Welcome to our dedicated page for Safe Bulkers news (Ticker: SB), a resource for investors and traders seeking the latest updates and insights on Safe Bulkers stock.
Safe Bulkers, Inc. (NYSE: SB) is an international marine dry-bulk carrier that transports bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes. Its news flow, as reflected in company press releases furnished on Form 6‑K, covers operational performance, fleet developments, financing activities and shareholder distributions.
Investors following SB news will see regular updates on unaudited quarterly financial results, including time charter equivalent rates, daily vessel operating expenses, EBITDA and Adjusted EBITDA, as well as commentary from management on dry-bulk market conditions. The company also reports on dividends declared on its common stock and on its 8.00% Series C and 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares, with details on record dates, payment dates and the Board’s dividend policy considerations.
Safe Bulkers’ news releases highlight its fleet renewal and environmental initiatives, such as sales of older Kamsarmax class vessels, deliveries of IMO GHG Phase 3 - NOx Tier III newbuilds, and the progress of its environmental upgrade program targeting improved energy efficiency and lower fuel consumption. Announcements also address new credit facilities, including sustainability-linked revolving credit facilities tied to fleet carbon intensity performance, and information on total cash, undrawn borrowing capacity and debt repayment schedules.
Additional SB news items include the authorization of common stock repurchase programs, results of annual meetings of stockholders, and participation in industry conferences. For market participants, the Safe Bulkers news page provides a centralized view of these disclosures, helping them track how the company manages its fleet, capital structure, environmental compliance and shareholder returns over time.
Safe Bulkers, Inc. (NYSE: SB) reported Q2 2020 financial results, revealing a net loss of $13.9 million, contrasted with a net income of $1.8 million in Q2 2019. Net revenues increased by 6% to $48.3 million, bolstered by scrubber-fitted vessels. The company faced challenges from reduced charter rates amid COVID-19, with average daily Time Charter Equivalent (TCE) dropping to $8,094. Liquidity stood at $119.8 million. In a proactive move, Safe Bulkers secured six new five-year charters at premium rates for the initial years, enhancing future cash flow.
On August 3, 2020, Safe Bulkers (NYSE: SB) held its annual shareholders' meeting in Greece, where two Class III directors, Frank Sica and Konstantinos Adamopoulos, were elected. Their term will end in 2023. Shareholders ratified Deloitte as independent auditors for the fiscal year 2020 and granted the board authority for potential reverse stock splits ranging from 1-for-2 to 1-for-5. An equity compensation plan for independent directors was also approved. Safe Bulkers specializes in marine drybulk transportation services, catering to major global users.
Safe Bulkers (NYSE: SB) has announced its earnings release for the quarter ending June 30, 2020, set for after market closure on August 4, 2020. Following this, a conference call will be held on August 5, 2020, at 9:30 A.M. Eastern Time, where management will discuss the financial results. Participants are encouraged to join the call early using the specified numbers. A telephonic replay will be available until August 12, 2020. The company specializes in marine drybulk transportation services, handling significant cargoes like coal and grain.
Safe Bulkers (NYSE: SB) has declared a cash dividend of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares, for the period from April 30 to July 29, 2020. These dividends are scheduled to be paid on July 30, 2020, to shareholders recorded as of July 23, 2020. Dividends will be payable quarterly on the 30th of January, April, July, and October, subject to Board approval based on the Company's financial conditions and cash requirements.
Safe Bulkers, Inc. (NYSE: SB) reported a net loss of $9.9 million for Q1 2020, a sharp decline from a net income of $5.4 million in Q1 2019. The company's net revenues decreased by 5% to $45.7 million, primarily due to COVID-19 disruptions. Vessel operating expenses rose 16% to $17.8 million, influenced by dry-docking and maintenance costs. As of March 31, 2020, total liquidity was $145.7 million, while total debt reached $610.1 million. The company has maintained its operations amidst pandemic challenges and has undertaken measures to protect its personnel and ensure vessel uptime.
Safe Bulkers, Inc. (NYSE: SB) will release its financial results for the quarter ending March 31, 2020, on June 8, 2020, before the market opens. A conference call to discuss these results is set for June 9, 2020, at 10:00 A.M. Eastern Time. Participants can join by dialing specific toll-free numbers. The results will be available on the company’s website after the call. Safe Bulkers is a provider of marine drybulk transportation services, focusing on coal, grain, and iron ore.