Safe Bulkers, Inc.
SB-PC
New York Stock Exchange25.92
USD
-0.29
- -
Safe Bulkers, Inc.
SB-PC
(New York Stock Exchange)
Recent
price
25.92
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Safe Bulkers, Inc. provides international marine drybulk transportation services through the ownership and operation of a modern fleet of drybulk vessels transporting major bulks such as coal, grain, and iron ore along worldwide shipping routes to leading consumers of drybulk transportation services; the fleet employs vessels on period time charters and spot time charters based on market conditions, with 21 vessels equipped with scrubbers generating additional earnings tied to bunker consumption and 24 vessels upgraded for enhanced energy efficiency and lower fuel consumption; as of November 2025, the fleet comprises 45 vessels including 8 Panamax (75,000-78,000 dwt), 12 Kamsarmax (82,000 dwt), 17 Post-Panamax, and 8 Capesize class vessels with aggregate capacity of 4.6 million deadweight tons and average age of 10.3 years, complemented by an orderbook of six IMO GHG Phase 3 NOx Tier III methanol dual-fuel Kamsarmax newbuilds for delivery in 2026-2027. Incorporated in the Marshall Islands in 2007 and headquartered in Monaco with operational centers in Athens, Greece, Safe Bulkers serves global markets across Asia-Pacific, Europe, and the Americas through subsidiaries managed by Safety Management Overseas S.A., Safe Bulkers Management Monaco Inc., and Safe Bulkers Management Limited. Recent developments include the sale of two older Kamsarmax vessels, Pedhoulas Leader and Pedhoulas Merchant, in July-August 2025 for $24 million total as part of ongoing fleet renewal to boost environmental performance; entry into a $75 million sustainability-linked senior secured revolving credit facility in July 2025 secured by six vessels with interest margins tied to fleet carbon intensity targets; declaration of quarterly dividends on common stock at $0.05 per share in July and November 2025 and on Series C/D preferred shares (NYSE: SB.PR.C, SB.PR.D); delivery of 12 of 18 planned Phase 3 NOx Tier III newbuilds; and maintenance of strong liquidity with $187.2 million cash and $210 million undrawn facilities as of November 21, 2025, alongside $153.5 million contracted revenues net of commissions.[web:pdf]