Safe Bulkers Files June 2024 6-K Report

TL;DR

SAFE BULKERS (SB) filed a 6-K, standard reporting for June. Monaco HQ.

AI Summary

Safe Bulkers, Inc. filed a Form 6-K on June 3, 2024, to report information for the month of June 2024. The filing indicates the company is a foreign private issuer and is submitting its report under the Securities Exchange Act of 1934. The company's principal executive office is located in Monaco.

Why It Matters

This filing provides routine updates for Safe Bulkers, Inc., a company involved in the deep sea transportation of freight, informing investors about its ongoing compliance and reporting status.

Risk Assessment

Risk Level: low — This is a routine 6-K filing, which typically contains standard corporate disclosures and does not represent a significant event or change.

Key Players & Entities

• SAFE BULKERS, INC. (company) — Registrant
• Monaco (location) — Principal executive office location
• June 2024 (date) — Reporting period
• 0001317861-24-000029 (filing_id) — Accession Number

FAQ

Filing Documents

• f60324sb6k.htm (6-K) — 14KB
• f60324sb6k001.jpg (GRAPHIC) — 31KB
• 0001317861-24-000029.txt ( ) — 57KB

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: June 3, 2024 SAFE BULKERS, INC. By: /s/ Konstantinos Adamopoulos Name: Konstantinos Adamopoulos Title: Chief Financial Officer Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel Monaco June 3, 2024 Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel, with a scheduled delivery date within the first quarter of 2027. The newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of greenhouse gas emissions (IMO GHG -EEDI Phase 3) as adopted by the International Maritime Organization, (IMO) and also comply with the latest NOx emissions regulation, NOx-Tier III (NOx-Tier III). This newbuild vessel is a sister vessel to a number of newbuilds in our orderbook with advanced energy efficiency characteristics resulting to lower fuel consumption. The Company has already taken delivery of nine IMO GHG Phase 3 NOx Tier III vessels. Including this agreement, the Company has an outstanding orderbook of nine newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries one in 2024, two in 2025, four in 2026, and two in 2027. Dr. Loukas Barmparis, President of the Company commented: We are entering in this newbuild order consistent with our fleet renewal strategy, aiming to create a resilient company with a young and efficient fleet within the ever developing stringent CO2 emission regulations environment. About Safe Bulkers, Inc. The Company is an international provider of marine dry-bulk transportation services, transporting bulk carg

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

View Full Filing

View this 6-K filing on SEC EDGAR