Safe Bulkers, Inc. provides international marine drybulk transportation services, carrying bulk cargoes such as coal, grain and iron ore along worldwide shipping routes. News about SB centers on charter-driven financial results, time-charter equivalent rates, vessel operating expenses, common-stock dividends and quarterly dividends on its 8.00% Series C and Series D cumulative redeemable perpetual preferred shares.
Company updates also cover fleet renewal through dry-bulk vessel acquisitions and sales, including Capesize and Kamsarmax classes; capital actions such as share repurchase authorizations; annual Form 20-F reporting; shipping-industry conference participation; and governance changes involving board composition and committee assignments.
Safe Bulkers (NYSE: SB) received approval for the prospectus relating to the dual listing of all 101,826,580 common shares on the Main Market of Euronext Athens. No new shares are issued, and the existing NYSE listing remains unchanged. Trading is expected to start June 2, 2026 under ticker SB.
Safe Bulkers (NYSE: SB), a marine drybulk transportation company, has received confirmation from Euronext Athens that all requirements for a dual listing of its common shares on the Main Market are met, subject to approval of a prospectus by the Hellenic Capital Markets Commission (HCMC).
The trading commencement date will be announced after HCMC approval. Piraeus Bank acts as listing advisor, with Potamitis Vekris Law Firm as Greek legal counsel and White & Case LLP as global legal counsel.
Safe Bulkers (NYSE: SB) agreed to sell two Japanese-built dry bulk vessels: MV Xenia, a 2006 Post-Panamax, for $13.0 million, and MV Pedhoulas Commander, a 2008 Kamsarmax, for $14.7 million.
According to Safe Bulkers, these divestments support its fleet renewal strategy, complementing delivery of 13 IMO GHG Phase 3 – NOx Tier III vessels since 2022 and an orderbook of 11 additional newbuilds.
Safe Bulkers (NYSE: SB) entered recapitulation agreements to acquire four Japanese newbuild dry-bulk vessels: three 82,000 dwt Kamsarmax and one 182,000 dwt Capesize, all delivering in 2029.
Three Kamsarmax vessels will be funded from cash reserves, while the Capesize will be acquired via a 10-year bareboat finance lease.
All ships meet IMO GHG EEDI Phase 3 and NOx-Tier III standards. After these deals, the company’s orderbook totals 11 newbuilds, including two methanol dual-fueled vessels, with staggered deliveries from 2026 to 2029.
Safe Bulkers (NYSE: SB) expanded its Board from nine to eleven directors and appointed Jeffrey Bunzel and Vassilis Hajioannou, effective April 15, 2026. The Board determined Mr. Bunzel meets NYSE independence standards and assigned him to the Corporate Governance, ESG and Audit committees.
Mr. Bunzel has 30+ years in investment banking and capital markets, including 14 years as Head of Equity Capital Markets at Deutsche Bank and prior service at Credit Suisse. Mr. Hajioannou has operations and chartering experience with degrees in marine engineering and shipping and logistics from Newcastle University.
Safe Bulkers (NYSE: SB) declared quarterly cash dividends of $0.50 per share on its 8.00% Series C and 8.00% Series D cumulative redeemable perpetual preferred shares for the period Jan 30, 2026 to Apr 29, 2026.
Each dividend will be paid on April 30, 2026 to holders of record as of April 17, 2026. Future dividends remain at the discretion of the Board and depend on earnings, fleet employment, liquidity, debt covenants and market conditions.
Safe Bulkers (NYSE: SB) announced it filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 4, 2026.
The report is available via the company's website under Investors & SEC Filings, or shareholders can request a free hard copy from Capital Link using provided contact details.
Safe Bulkers (NYSE: SB) will participate in Capital Link’s 20th Annual International Shipping Forum on March 9, 2026 at the Metropolitan Club in New York City. Management will join panels on global shipping markets and capital conditions and be available for investor meetings.
Institutional investors may request one-on-one meetings via Capital Link at the provided email or signup link; the full agenda is available online.
Safe Bulkers (NYSE: SB) will participate in the Dry Bulk Shipping Panel at the DNB Carnegie Energy & Shipping Conference in Oslo on March 4–5, 2026. Company management will be available for one-on-one meetings with institutional investors during the event.
The conference connects listed companies with capital markets and covers energy, shipping, and offshore industry trends; the full agenda is available online.
Safe Bulkers (NYSE: SB) reported Q4 2025 net revenues of $72.6M and net income of $11.8M, with twelve‑month net income of $38.6M versus $97.4M in 2024. The Board declared a cash dividend of $0.05 per share payable March 18, 2026. The company authorized a 10.0M share repurchase program and has an orderbook of eight IMO GHG Phase 3 Kamsarmax newbuilds. As of Feb 13, 2026, cash was $167.4M with $218.2M undrawn revolver capacity and consolidated debt of about $548M.