Safe Bulkers Q2 Earnings Call Highlights
Highlights from Safe Bulkers' second-quarter earnings call provided insights into the shipping company's financial results and operational updates.
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Highlights from Safe Bulkers' second-quarter earnings call provided insights into the shipping company's financial results and operational updates.

Maritime company Safe Bulkers has approved a new quarterly dividend for its preferred shareholders. The company is also progressing with its fleet renewal and ESG plans, including the launch of the Kypros Island.

Safe Bulkers' decision to pursue a dual listing in Athens is seen as a strategic move, highlighting Euronext Athens as a significant opportunity for the Greek shipping community.

Safe Bulkers reported a substantial increase in first-quarter profit, tripling its earnings due to robust dry bulk market conditions, higher charter revenues, and reduced vessel operating costs, while also raising its dividend.

The Athens Stock Exchange has completed five consecutive upward sessions, benefiting from declining energy costs and an improved investment climate, with particular interest in Safe Bulkers, DAA, Ideal Holdings, and Trade Estates.

Safe Bulkers has signed a definitive agreement for the construction and acquisition of a new 182,000 deadweight tonnes capesize vessel through financial leasing, expanding its orderbook.

Safe Bulkers has marked its dual listing by ringing the bell at Euronext Athens, signifying its presence on both the New York Stock Exchange and the Greek exchange.

Safe Bulkers, a shipping company, has completed a dual listing on Euronext Athens, in addition to its existing listing on the New York Stock Exchange. This move is seen as a significant step in redefining the relationship between the shipping industry and capital markets in Greece, potentially paving the way for other shipping companies.

Safe Bulkers has made history as the first shipping company to list on Euronext Athens, signaling a vote of confidence in the exchange and its intention to enter the market.
Safe Bulkers has signed a deal to sell two of its ships for $27.7 million, an action taken amid its ongoing fleet renewal plan.

Vassilis Hadjioannou, son of shipowner Polys V. Hadjioannou, has been appointed to the board of directors of Safe Bulkers, a shipping company listed on the US stock exchange, enhancing its corporate governance.

Safe Bulkers' Board of Directors has approved a dividend payment of $0.50 per share for its Series C and Series D (8.00%) cumulative redeemable perpetual preferred shares.
Safe Bulkers has outlined plans to expand its fleet to 38 Phase 3 vessels by the first quarter of 2029, while maintaining $382 million in liquidity.
The earnings call summary for Safe Bulkers, Inc. for the second quarter of 2026 has been published.

Safe Bulkers Inc., an international dry bulk shipping company, has announced the distribution of quarterly dividends for its Series C and D preferred shares.

The listing of Safe Bulkers on Euronext Athens is considered a strategic move of significant importance for both the company and the broader Greek shipping community.
Safe Bulkers announced a 20% increase in its quarterly dividend to $0.06 per share. The company also detailed plans to have 45% of its fleet consist of Phase 3 vessels by 2029.
Safe Bulkers reported Non-GAAP EPS of $0.18, beating estimates by $0.09, with revenue of $74.4M, beating by $8.9M. Jabil also announced strong financial results, with Non-GAAP EPS of $3.16, beating by $0.04, and revenue of $8.8B, beating by $140M.

The Athens Stock Exchange is facilitating the entry of major shipping companies, with Safe Bulkers making a parallel listing on Euronext Athens alongside its NYSE presence, signaling a growing connection between the Greek market and its shipping industry.

Amazon's annual Prime Day sale for 2026 has been moved to June 23-26 in the US, a four-day event influenced by the FIFA World Cup and US Independence Day, aiming to boost online spending with a focus on groceries and household essentials.

Safe Bulkers, a shipping company, has received official approval from the Capital Market Commission to list its shares on Euronext Athens, marking a new path for the presence of ocean-going shipping.

Safe Bulkers, a Cyprus-linked shipowner, has moved closer to becoming the first shipping company to pursue a dual listing on Euronext Athens, having met the market operator's admission requirements.

Mario Draghi was honored with the Charlemagne Prize in Aachen, where he delivered a speech emphasizing the need for Europe to be more assertive globally and unite to face new geopolitical realities. Greek Prime Minister Mitsotakis also spoke at the ceremony, praising Draghi's support for Greece during its crisis.

Safe Bulkers has expanded its board from nine to eleven members, appointing Jeffrey Bunzel and Vasilis Hajioannou, in a move to strengthen its governance structure and ensure management continuity.
Safe Bulkers Cum Red Perp Pfd Shs Series C has announced a quarterly dividend of $0.50 per share. This is a routine financial declaration by the company.
Safe Bulkers (SB) released the transcript of its Q4 2025 earnings call.

Safe Bulkers has announced its sixth annual scholarship program, offering €100,000 to ten students in Cyprus to support their maritime education.

Safe Bulkers, Inc. has taken a significant step towards fleet renewal and decarbonization by successfully launching its first methanol dual-fuel Kamsarmax bulk carrier.

Safe Bulkers started 2026 strongly with increased revenues, nearly triple net profits, enhanced cash reserves, and a higher dividend, capitalizing on the improved dry cargo charter market.
Safe Bulkers, Inc. has released a summary of its first-quarter 2026 earnings call, detailing the company's financial performance for the period.
Several companies, including U.S. Bancorp, Dell, Labrador Iron Ore Royalty, MSC Industrial Direct, First Internet Bancorp, Mastercard, CareTrust REIT, and Thor, have declared dividends. Additionally, earnings previews have been released for CarMax, Jabil, Smith & Wesson Brands, and Safe Bulkers.

Safe Bulkers' stock reached around 5.85 euros after its first two days of trading on the Athens Stock Exchange, with a recent 7.1% decline eroding much of its initial surge.

Deputy Prime Minister Hadjidakis stated that Safe Bulkers' listing on the Exchange marks a significant moment, redefining the relationship between the shipping industry and the capital market. He expressed belief that other shipping companies would soon follow suit.

Cyprus's Interior Minister, Constantinos Ioannou, stated that the country has an opportunity to transform its land development and construction sector into a driver of sustainable, technologically advanced economic growth.

Safe Bulkers, owned by shipowner Polys V. Hajioannou, has proceeded with the sale of two vessels as part of its strategic fleet renewal program.

Safe Bulkers, a Cyprus-linked shipowner, has ordered four Japanese-built dry bulk vessels, including its first Capesize newbuilding, as part of its strategy to renew its fleet with more fuel-efficient and environmentally advanced ships.

Polys V. Hadjioannou was honored for Safe Bulkers Inc.'s donation to the Hellenic Force in Cyprus (ELDYK), made as part of the company's Environmental, Social, and Corporate Governance (ESG) program.
Safe Bulkers has declared a dividend of $0.05 per share.
Safe Bulkers announced non-GAAP EPS of $0.14, meeting expectations, and revenue of $72.6 million, surpassing estimates by $2.6 million.