Safe Bulkers Files March 2024 6-K Report

TL;DR

SAFE BULKERS (SB) filed a 6-K, confirming 20-F annual report filing and Monaco HQ. Standard update.

AI Summary

Safe Bulkers, Inc. filed a Form 6-K on March 6, 2024, to report information for the month of March 2024. The filing indicates the company is a foreign private issuer and will file its annual reports under Form 20-F. The company's principal executive office is located in Monaco.

Why It Matters

This filing serves as an update for investors regarding Safe Bulkers, Inc.'s regulatory compliance and reporting status as a foreign private issuer.

Risk Assessment

Risk Level: low — This filing is a routine regulatory update and does not contain significant new financial or operational information that would typically increase risk.

Key Players & Entities

• SAFE BULKERS, INC. (company) — Registrant
• Monaco (location) — Principal executive office location
• Form 20-F (document) — Annual report form
• Form 6-K (document) — Report type

FAQ

Key Financial Figures

• $20.45 million — y-bulk vessel, at a gross sale price of $20.45 million and delivery date in April 2024 and of
• $20.3 million — y-bulk vessel, at a gross sale price of $20.3 million and forward delivery date in July 2024.

Filing Documents

• f30624sb6k.htm (6-K) — 13KB
• f30624sb6k001.jpg (GRAPHIC) — 33KB
• 0001317861-24-000013.txt ( ) — 59KB

SIGNATURES

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: March 6, 2024 SAFE BULKERS, INC. By: /s/ Konstantinos Adamopoulos Name: Konstantinos Adamopoulos Title: Chief Financial Officer Safe Bulkers, Inc. Announces the Sale of Two Dry-bulk Vessels Monaco March 6, 2024 Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into two separate agreements, for the sale of MV Panayiota K, a 2010-built Post-Panamax class dry-bulk vessel, at a gross sale price of $20.45 million and delivery date in April 2024 and of MV Paraskevi 2, a 2011-built, Panamax class, dry-bulk vessel, at a gross sale price of $20.3 million and forward delivery date in July 2024. Dr. Loukas Barmparis, President of the Company commented: Following recent newbuild orders, in the context of our fleet renewal strategy, we sold these two vessels in an improved second-hand market environment. Our remaining orderbook consists of seven newbuilds. 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 worlds largest users of marine drybulk transportation services. The Companys 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

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 Companys 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 recent 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 drybulk 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, 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 Companys 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

View Full Filing

View this 6-K filing on SEC EDGAR