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. 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) announced the voluntary implementation of a new computerized Integrated Management System (IMS) starting June 1st, 2024. This IMS complies with DryBMS Standards and replaces the existing Safety Management System (SMS). The new system aligns with Rightship RISQ3 and the SSI Code of Conduct, emphasizing crew welfare and high standards for staff and fleet. Dr. Loukas Barmparis, President of Safe Bulkers, highlighted that the IMS enhances safety, health, security, and pollution prevention, surpassing international legislation and industry practices, allowing close collaboration with charterers to elevate industry standards.
Safe Bulkers (NYSE: SB), a global leader in marine drybulk transportation, has released its 2023 Sustainability Report. The report follows the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and the Sustainability Accounting Standards Board (SASB) recommendations for maritime transport. It highlights the company's environmental, social, and governance (ESG) practices. Dr. Loukas Barmparis, President of Safe Bulkers, emphasized the company's commitment to addressing environmental concerns, social needs, and strengthening governance. The report is available for download on the company's website.
Safe Bulkers, Inc. reported its unaudited financial results for Q1 2024, declaring a $0.05 cash dividend per share of common stock. Net revenues increased to $81.7 million, net income was $25.3 million, and EBITDA was $47.9 million. The company has a fleet of 46 vessels with total debt of $534.3 million. They have a newbuild program for 16 vessels, focusing on environmental upgrades and energy efficiency.
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