Safe Bulkers, Inc. Announces Availability of 2024 Sustainability Report MONACO, June 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company’s 2024 Sustainability Report is available for download and can be accessed from its website using the link provided below. The 2024 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines, 'in accordance with the GRI Standards', and the Sustainability Ac...
The trade war de-escalation has offered some breathing space for investors and driven positive sentiment, but we expect headline volatility to continue. Much of the focus will also be on geopolitical developments. In this report we have reviewed a large number of Turkish non-financial corporates, added the idea to buy SGLSJ'29 and closed the idea to buy WE SODA.
Safe Bulkers, Inc. Reports First Quarter 2025 Results and Declares Dividend on Common Stock MONACO, May 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors (“the Board”) of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ1 2025Q42024Q32024Q22024Q12024Net revenues64.37...
Safe Bulkers, Inc. Sets Date for the First Quarter 2025 Results, Conference Call, and Webcast Earnings Release: Monday, May 19, 2025, After Market Closes Conference Call and Webcast: Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time MONACO, May 13, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the first quarter ended March 31, 2025, after the market closes in New York on Monday, May 19, 2025. On Tuesday, May 20, 2025, at 10:00 A.M. Eastern Ti...
We maintain our cautious stance on dry bulk near-term and see potential for negative momentum in asset values yet to be supported by underlying freight markets. However, we still believe Safe Bulker’s discounted valuation (0.38x P/NAV and 0.65x EV/GAV) and earnings visibility more than compensates for the potential downside risk and offers undervalued dry bulk exposure to investors. Hence, we reiterate our BUY, but have lowered our target price to USD4.1 (4.2).
The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...
Safe Bulkers, Inc. Chairman & CEO and President of the Republic of Cyprus to Ring NYSE Closing Bell on Friday, April 4, 2025 MONACO, April 04, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine dry-bulk transportation services, announced today that it will host a special ceremony at the New York Stock Exchange honoring and promoting the Republic of Cyprus as worldwide business destination. Mr. Polys Hajioannou, Chairman and CEO of Safe Bulkers, will be joined by H.E. Nikos Christodoulides, President of the Republic of Cyprus, alo...
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company’s Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from January ...
Safe Bulkers Announces Participation in Capital Link’s Investor Conference in New York on Monday, March 31, 2025 MONACO, March 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today it will participate in the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. During the forum, Safe Bulkers will be available for one-on-one meetings with institutional investors. The 19th Annual Capital Link International Shipping...
Safe Bulkers Announces Filing of 2024 Annual Report on Form 20-F MONACO, March 10, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”). The 2024 Annual Report on Form 20-F is available by link through the Company’s website, , under Investors and SEC Filings. Alternatively, shareholders may also receive a hard copy of the 2024 Annual Report on Form 20-F, free of charge, ...
The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...
Safe Bulkers, Inc. Announces a Three Million Shares of Common Stock Repurchase Program MONACO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 3,000,000 shares of the Company’s common stock. If the maximum number of shares of the Company’s common stock are purchased pursuant to the aforementioned program, it would represent approximately 2.8% of the shares o...
We have updated our estimates following the company’s Q4 report and revised employment profile. Hence, we have raised our 2025e EBITDA by 3%, maintained our 2026e, and introduced our 2027e. While dry bulk fundamentals remain challenging, Safe Bulkers’ deep discount to underlying values (P/NAV of 0.43x), healthy contract backlog, and therefore less downside risk to consensus estimates, leave a more favourable risk/reward than its dry bulk peers, we believe. We do not consider these changes to be ...
Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2024 Results and Declares Dividend on Common Stock MONACO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and twelve month periods ended December 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ4 2024Q3 2024Q2 2024Q1...
Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2024 Results, Conference Call, and Webcast Earnings Release: Tuesday, February 18, 2025, After Market Closes Conference Call and Webcast: Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time MONACO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the fourth quarter ended December 31, 2024, after the market closes in New York on Tuesday, February 18, 2025. On Wednesday, February 19,...
We find the dry bulk segment challenging near-term, with negative momentum across freight rates, asset values and sell-side estimates. However, we believe Safe Bulkers’ discount to underlying values is just too high (at 0.38x P/NAV) and represents undervalued dry bulk exposure, in contrast to our more negative stance on its sector peers. Hence, we have upgraded to BUY (HOLD) but lowered our target price to USD4.2 (4.8).
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from October 3...
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