Safe Bulkers to sell 2012 Capesize ship for $35.2M

Safe Bulkers, Inc. reported that it has agreed to sell the MV Michalis H, a 2012 Chinese-built Capesize class dry-bulk vessel, for a gross price of $35.2 million, with forward delivery scheduled within the first quarter of 2026.

Rhea-AI Filing Summary

Safe Bulkers, Inc. reported that it has agreed to sell the MV Michalis H, a 2012 Chinese-built Capesize class dry-bulk vessel, for a gross price of $35.2 million, with forward delivery scheduled within the first quarter of 2026.

The company’s president said the sale fits its fleet renewal strategy and was executed at what management views as an attractive point in the market cycle and at a competitive price. Following this transaction, the company’s orderbook consists of eight vessels scheduled for delivery from now until 2029.

Insights

Shipping sector and balance sheet analyst

Sale of older Capesize supports fleet renewal but is routine in scale.

Safe Bulkers, Inc. is selling the 2012-built Capesize MV Michalis H for a gross $35.2 million, with delivery in the first quarter of 2026. Management frames this as part of a broader renewal strategy, implying a gradual shift toward a younger or more efficient fleet.

The transaction converts a single vessel into cash at what the company considers an attractive point in the cycle, but no leverage, earnings, or fleet-size metrics are disclosed here, limiting visibility into overall impact. The orderbook of eight vessels through 2029 suggests ongoing capital commitments and future capacity, whose economics will depend on later-charter and rate disclosures.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major transaction did Safe Bulkers (SB) announce in this 6-K?

Safe Bulkers announced an agreement to sell the MV Michalis H, a 2012-built Capesize dry-bulk vessel, for $35.2 million. The deal includes a forward delivery date within the first quarter of 2026 and is described as part of the company’s ongoing fleet renewal strategy.

What is the sale price and timing for Safe Bulkers’ vessel MV Michalis H?

Safe Bulkers agreed to sell the MV Michalis H for a gross price of $35.2 million, with delivery in the first quarter of 2026. The vessel is a 2012 Chinese-built Capesize dry-bulk ship, and the sale is positioned as optimally timed in the current market cycle.

How does the MV Michalis H sale fit Safe Bulkers (SB) fleet strategy?

The company states the MV Michalis H sale aligns with its fleet renewal strategy. Management believes the transaction was executed at an optimal point in the shipping cycle and at a competitive price, while the remaining orderbook of eight vessels through 2029 underlines its long-term fleet modernization plans.

What does Safe Bulkers’ current vessel orderbook look like after this sale?

Safe Bulkers reports an orderbook of eight vessels scheduled from now through 2029. This indicates ongoing investment in newbuilds or modern tonnage, complementing the disposal of the 2012-built Capesize vessel and supporting the company’s stated focus on renewing and upgrading its dry-bulk fleet.

What type of shipping services does Safe Bulkers (SB) provide?

Safe Bulkers provides international marine drybulk transportation services. The company carries bulk cargoes such as coal, grain, and iron ore along global routes for major industrial customers, using a fleet that includes large Capesize vessels like the MV Michalis H being sold in this transaction.

On which exchange and under which symbols does Safe Bulkers trade?

Safe Bulkers’ securities trade on the New York Stock Exchange. Its common stock trades under the symbol SB, while its series C and series D preferred stocks trade under the symbols SB.PR.C and SB.PR.D, respectively, reflecting multiple listed instruments for different investor preferences.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/17/2026 - 09:25 AM EST Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

SAFE BULKERS, INC.

(Translation of registrant’s name into English)

Apt. D11, Les Acanthes 6, Avenue des Citronniers, MC98000 Monaco

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ý          Form 40-F   ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information contained in the Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐          No  ý

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

INCORPORATION BY REFERENCE

This Report on Form 6-K shall be incorporated by reference into our registration statement on Form F-3, as filed with the Securities and Exchange Commission on August 6, 2024 and as may be further amended, to the extent not superseded by documents or reports subsequently filed by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.

EXHIBIT INDEX

1. Press Release dated February 13, 2026: Safe Bulkers, Inc. Announces Sale of a 2012-Built Capesize Class Dry-bulk Vessel.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 17, 2026

	SAFE BULKERS, INC.
	By:	/s/ Konstantinos Adamopoulos
	Name:	Konstantinos Adamopoulos
	Title:	Chief Financial Officer

Safe Bulkers, Inc. Announces Sale of a 2012-Built

Capesize Class Dry-bulk Vessel

Monaco – February 13, 2026 — Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Michalis H, a 2012 Chinese-built, Capesize class, dry-bulk vessel, at a gross sale price of $35.2 million and a forward delivery date within the first quarter of 2026.

Dr. Loukas Barmparis, President of the Company commented: “In the context of our renewal strategy we sold the MV Michalis H at what we consider an optimal timing in the cycle and at a competitive price. At present, the orderbook of the Company consists of eight vessels from now until 2029.”

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, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. 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, such as the COVID-19 pandemic, 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, changes in the demand for dry-bulk vessels, competitive factors in the market in which the Company operates, changes in TCE rates, changes in fuel prices, risks associated with operations outside the United States, general domestic and international political conditions, tariffs imposed as a result of trade war and trade protectionism, uncertainty in the banking sector and other related market volatility, disruption of shipping routes due to political events, risks associated with vessel construction 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