7.22
+1.55%
Close of 9 Nov 2026, in USD
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About Safe Bulkers
Its shares trade under the ticker SB. It has been listed since 29 May 2008. In the fiscal year to 31 December 2025, it reported revenue of $275.7m and net income of $38.6m. At that date it held total assets of $1.40bn and shareholders' equity of $830.7m.
Safe Bulkers, Inc. is a holding company, which engages in the ownership and operation of dry bulk vessels. The firm's principal business is the acquisition, ownership and operation of drybulk vessels. The firm's vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The firm is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world. As of February 17, 2017 the Company's fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt). The firm's fleet of Post-Panamax vessels includes Marina, Xenia, Sophia, Eleni, Martine, Andreas K, Panayiota K, Venus Heritage, Venus History, Venus Horizon and Troodos Sun. Its fleet of Capesize vessels includes Kanaris, Pelopidas and Lake Despina.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Marine
- Listed since
- 29 May 2008
- Employees
- 933
- Website
- safebulkers.com ↗
- Head office
- APT. D11, LES ACANTHES, MONACO, O9, MC98000
- Classification
- Deep Sea Foreign Transportation of Freight
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Polys HajioannouChairman of the Board, Chief Executive Officer, since 2008
- Dr. Loukas BarmparisPresident, Secretary, Director, since 2008
- Mr. Konstantinos AdamopoulosChief Financial Officer, Director, since 2008
- Mr. Ioannis FoteinosChief Operating Officer, Director, since 2009
- Ms. Maria HajioannouDirector
- Ms. Kristin HolthIndependent Director
- Mr. Christos MegalouIndependent Director
- Mr. Frank SicaIndependent Director
- Mr. Ole WikborgIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 50
- Environment
- 33
- Social
- 45
- Governance
- 73
- Direct emissions (scope 1)
- 857,973 t
- Women in the workforce
- 23%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Safe Bulkers Inc is a leading bulk carrier company with a strong market presence. They have a modern fleet of vessels, which enables them to offer reliable and efficient shipping services to their customers. Their well-maintained vessels ensure safe transportation of bulk cargoes and minimize the risk of incidents or accidents.
- The company has established long-term relationships with a diverse customer base, including major mining, steel, and construction companies. This wide customer network provides them with a stable source of revenue and enhances their bargaining power.
- Safe Bulkers Inc has a strong financial position, supported by their steady cash flows and prudent financial management. This allows them to make strategic investments, expand their fleet, and capitalize on growth opportunities in the shipping industry.
Weaknesses
- One of the weaknesses of Safe Bulkers Inc is their dependence on the global economy and the shipping industry as a whole. Economic downturns and fluctuations in shipping rates can impact their profitability and financial performance.
- The company's operations are also subject to various regulatory and environmental risks. Compliance with international regulations, such as safety standards and emissions control, requires ongoing investments and strict adherence, which can add additional costs and regulatory burdens.
Opportunities
- The increasing global trade and demand for raw materials present growth opportunities for Safe Bulkers Inc. They can capitalize on the rising demand for bulk carriers by expanding their fleet and entering into new long-term contracts with customers.
- The company can also explore technological advancements in the shipping industry to enhance their operational efficiency and reduce fuel consumption. Investing in eco-friendly vessels and adopting sustainable practices can position them as a responsible and competitive player in the market.
Threats
- Safe Bulkers Inc faces intense competition from other bulk carrier companies operating in the same market segment. This can exert downward pressure on shipping rates and squeeze their profit margins.
- Geopolitical tensions, trade disputes, and changes in regulations or trade policies can disrupt global shipping patterns and affect the company's operations. Additionally, any unforeseen incidents, such as accidents or natural disasters, can lead to financial and reputational damage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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