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.
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Safe Bulkers, Inc. (NYSE: SB) announces acquisition of a Japanese 82,000 dwt dry-bulk vessel with advanced energy efficiency characteristics. The vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index and comply with NOx emissions regulation. The company has an outstanding orderbook of nine Phase 3 newbuild vessels, showcasing its commitment to ESG strategy and fleet renewal.
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-2.03%
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Safe Bulkers, Inc. (NYSE: SB) declares cash dividends of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares, payable on January 30, 2024, to shareholders of record as of January 19, 2024.
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-0.72%
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Safe Bulkers, Inc. (NYSE: SB) has announced the acquisition of an 82,000 dwt, Kamsarmax class vessel with advanced energy efficiency features, meeting the latest environmental regulations. The company has a total orderbook of eight newbuild vessels, positioning itself as one of the most environmentally efficient dry bulk fleets in the market.
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1.82%
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Safe Bulkers, Inc. (NYSE: SB) has authorized a program to repurchase up to 5,000,000 shares of its common stock, potentially representing 4.5% of outstanding shares and 8.1% of its public float. The program allows for flexibility in purchasing shares and may be modified or terminated at any time. The repurchases will be made in compliance with applicable laws and regulations, funded using the company's existing cash resources.
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4.3%
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Safe Bulkers, Inc. (SB) announces the sale of MV Pedhoulas Cherry, a 2015 Chinese-built, Kamsarmax class, dry-bulk vessel at a gross sale price of $26.6 million with an estimated forward delivery in January to February 2024. The President, Dr. Loukas Barmparis, highlighted the decision to proceed with the sale as the company takes delivery of Phase 3 newbuilds, aiming to maintain an environmentally efficient dry bulk fleet.
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Safe Bulkers, Inc. (SB) forms a new Board of Directors committee on Environmental, Social and Governance (ESG) to support the company's overall ESG strategic direction. The committee consists of six Board members, four of whom are independent directors. The President of the Company will lead the management team on ESG matters and report to the ESG Committee. The ESG Committee will review the Company’s ESG performance and ensure governance oversight by the Board of Directors of the ESG strategy and implementation, consistent with the priorities outlined in the Company’s sustainability report. Dr. Loukas Barmparis, President of the Company, stated that the formation of the new ESG committee is a result of the specific focus required by the Board on the overall ESG strategy of the Company. The Company implements its ESG strategy as articulated in the latest sustainability report, with the most recent step towards decarbonization being the ordering of two methanol dual-fueled newbuilds ahead of its peers.
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Safe Bulkers, Inc. (SB) Announces Sale of MV Katerina for $10.2 Million: Safe Bulkers, Inc. (NYSE: SB), a global marine drybulk transportation services provider, has finalized the sale of MV Katerina, a 2004 Japanese-built Panamax class dry-bulk vessel, at a gross sale price of $10.2 million. The sale is part of the Company's fleet renewal strategy, with plans to focus on environmentally efficient dry bulk fleets. President Dr. Loukas Barmparis highlighted the sale and the Company's remaining orderbook of eight Phase 3 newbuilds, including two methanol dual fuel vessels, to be delivered by Q1-2027.
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Rhea-AI Sentiment
End-of-Day
3.33%
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Safe Bulkers, Inc. (NYSE: SB) Announces Strong Financial Results and Dividend Declaration
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0.94%
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Safe Bulkers, Inc. will release its Q3 2023 results on November 7, 2023, after the market closes. The company will host a conference call on November 8, 2023, at 9:00 A.M. Eastern Time to discuss the financial results. Participants can join the call using the provided dial-in numbers or register for the call me option for a faster connection. A webcast of the conference call and accompanying slides will be available on the company's website.
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0.31%
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Safe Bulkers, Inc. announces contracts for acquisition of two dual-fueled dry-bulk vessels
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4.42%
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Safe Bulkers, Inc.
NYSE:SB
SB Rankings
SB Stock Data
554.11M
62.52M
43.35%
22.24%
2.3%
Deep Sea Freight Transportation
Transportation and Warehousing
United States of America
6 Avenue Des Citronniers
About SB
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 13, 2020, the company had a fleet of 41 drybulk vessels having an average age of 9.5 years; and an aggregate carrying capacity of 3,777,000 deadweight tons. its fleet consisted of 14 panamax class vessels, 10 kamsarmax class vessels, 13 post- panamax class vessels, and 4 capesize class vessels. the company was founded in 2007 and is based in monaco.