Safe Bulkers Files May 2024 Report
Ticker: SB-PC · Form: 6-K · Filed: May 31, 2024 · CIK: 1434754
| Field | Detail |
|---|---|
| Company | Safe Bulkers, Inc. (SB-PC) |
| Form Type | 6-K |
| Filed Date | May 31, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 6-k, foreign-private-issuer
Related Tickers: SB
TL;DR
SAFE BULKERS (SB) filed its May 2024 6-K, standard foreign issuer update.
AI Summary
Safe Bulkers, Inc. filed a Form 6-K on May 31, 2024, to report on its activities for the month of May 2024. The filing is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. The company is based in Monaco and operates in the deep-sea foreign transportation of freight sector.
Why It Matters
This filing provides an update on Safe Bulkers' operations and regulatory compliance as a foreign private issuer, which is important for investors tracking the company's activities.
Risk Assessment
Risk Level: low — This filing is a routine operational report and does not contain significant new financial information or strategic changes that would inherently increase risk.
Key Players & Entities
- SAFE BULKERS, INC. (company) — Registrant
- 0001317861-24-000028 (document_id) — Accession Number
- 20240531 (date) — Filing Date
- Monaco (location) — Company Headquarters
FAQ
What type of filing is this Form 6-K?
This Form 6-K is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
What period does this report cover?
This report covers the month of May 2024.
Where is Safe Bulkers, Inc. principally located?
Safe Bulkers, Inc.'s principal executive office is located at Apt. D11, Les Acanthes, 6, Avenue des Citronniers, MC98000 Monaco.
Does Safe Bulkers file annual reports under Form 20-F or 40-F?
Yes, Safe Bulkers, Inc. files annual reports under cover of Form 20-F.
Is Safe Bulkers, Inc. submitting this Form 6-K in paper format as permitted by Regulation S-T?
The filing does not explicitly state whether it is submitted in paper format under Regulation S-T Rule 101(b)(1) or 101(b)(7), but it is a standard electronic filing.
Filing Stats: 849 words · 3 min read · ~3 pages · Grade level 13.7 · Accepted 2024-05-31 16:25:03
Filing Documents
- f53124sb6k.htm (6-K) — 13KB
- f53124sb6k001.jpg (GRAPHIC) — 31KB
- 0001317861-24-000028.txt ( ) — 56KB
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: May 31, 2024 SAFE BULKERS, INC. By: /s/ Konstantinos Adamopoulos Name: Konstantinos Adamopoulos Title: Chief Financial Officer Safe Bulkers, Inc. Announces the Implementation of Integrated Management System in Compliance with DryBMS Standards Monaco May 31, 2024 Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that commencing June 1, 2024, it is voluntary implementing a new computerized Integrated Management System (IMS) in compliance with DryBMS Standards. The new IMS replaces the existing Safety Management System (SMS), is in line with Rightship RISQ3, focusing on Crew Welfare and Sustainable Shipping Initiative Code of Conduct, and ensuring the competence and commitment to the highest level of standards of our staff and fleet. Dr. Loukas Barmparis, President of the Company commented: Our IMS facilitates higher levels of performance in terms of safety, health, security and pollution prevention for our fleet, going beyond compliance with international legislation, recognized guidelines and common practices across the industry, and providing us with the opportunity to work closely together with our charterers in raising industry standards. About Safe Bulkers, Inc. The Company is an international provider of marine dry-bulk transportation services, transporting bulk cargoes, particularly grain, coal and iron ore, along worldwide shipping routes for some of the worlds largest users of marine dry-bulk 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, 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 undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change