Safe Bulkers, Inc. Becomes the Only Shipping Company with Common Stock trading on both the NYSE and Euronext Athens
Rhea-AI Summary
Safe Bulkers (NYSE/Euronext Athens: SB) started trading its 101,826,580 common shares on Euronext Athens, while maintaining its primary listing on the NYSE. Series C and D preferred shares remain NYSE-only. The company targets broader institutional and retail investor access and greater visibility in European maritime finance communities.
Positive
- 101,826,580 common shares now trading on both NYSE and Euronext Athens
- Primary NYSE listing maintained alongside new Euronext Athens listing
- Dual listing aims to broaden and diversify shareholder base
- Listing targets increased visibility in European maritime investment community
Negative
- None.
News Market Reaction – SB
In the Jun 2 session, SB declined 2.42%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 27 | Prospectus approval | Positive | -5.0% | Prospectus approval for Euronext Athens dual listing without issuing new shares. |
| May 26 | Dual listing confirmation | Positive | +4.6% | Euronext Athens confirms requirements for dual listing are met, pending prospectus. |
| May 18 | Vessel sales | Positive | -2.1% | Sale of two older Japanese-built dry bulk vessels supporting fleet renewal strategy. |
| May 11 | Newbuild acquisitions | Positive | +3.7% | Agreements to acquire four Japanese newbuild vessels meeting IMO Phase 3 standards. |
| Apr 15 | Board expansion | Positive | +0.3% | Board expanded to eleven directors with capital-markets and shipping expertise. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent corporate and fleet news has produced mixed reactions, with some strategic announcements sold and others bought, suggesting inconsistent short-term trading responses to positive developments.
Over the last few months, SB has focused on strategic fleet renewal and capital markets positioning. On May 11, 2026, it entered recapitulation agreements for four newbuild vessels, followed by asset sales of two older ships on May 18, 2026. The company then advanced a dual listing on Euronext Athens, with confirmations on May 26 and a prospectus publication on May 27. Board expansion on April 15, 2026 added capital-markets and operational expertise. Today’s commencement of trading on Euronext Athens completes that dual-listing sequence.
Key Terms
dematerialized technical
isin financial
regulated securities market regulatory
preferred stock financial
listing advisor financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONACO, June 02, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE/Euronext Athens: SB), an international provider of marine drybulk transportation services, is pleased to announce today that the Company’s issued shares of common stock (i.e., all 101,826,580 dematerialized, registered voting shares of common stock, each with a par value of
By listing its common stock on the Main Market of the Regulated Securities Market of Euronext Athens, the Company aims to broaden and diversify its shareholder base by providing access to a wider pool of institutional and retail investors, with exposure to the maritime industry. Athens is a leading global maritime center and by listing on Euronext Athens, the Company aims to increase the Company’s visibility and corporate profile within the European maritime, banking and institutional investment community.
The Company is advised by Piraeus Bank S.A. as listing advisor. Potamitis Vekris Law Firm served as legal counsel on matters of Greek law and White & Case LLP served as global legal counsel.
About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C” and “SB.PR.D”, respectively.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including the benefits of listing the Company’s common stock on the Euronext Athens. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the inability to develop a liquid trading market for the Company’s shares of common stock on Euronext Athens and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
E-Mail: directors@safebulkers.com
Investor Relations / Media Contact:
Nicolas Bornozis, President Capital Link, Inc.
230 Park Avenue, Suite 1536 New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
Anna Wichmann
Capital Link Athens
Tel +30-210-6109-800
E-Mail: safebulkers@capitallink.com
