Safe Bulkers, CEO Interview on Company Performance, Strategy & Dry Bulk Sector Outlook
June 02 2022 - 3:29PM
The Chairman & CEO of Safe Bulkers, Inc. (NYSE: SB), Polys
Hajioannou, discussed with Barry Parker of Capital Link TV, Safe
Bulker’s key 1Q22 performance highlights and achievements,
corporate strategy going forward and the current state and outlook
of the dry bulk shipping market.
The full interview can be accessed on
the Capital Link TV page linked
below:https://capitallinkshipping.com/capital-link-tv/
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 world’s largest users of marine drybulk transportation
services. The Company’s 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.
Safe Bulkers 1Q22 Earnings Presentation
can be accessed using the link
below:http://52.59.21.95/files/SB_1Q_2022.pdf
Safe Bulkers, Inc. recently announced its first
quarter 2022 financial results. For the first quarter of 2022, Safe
Bulkers profitability exceeded first quarter of 2021 profitability
by $15 million. Also, during the first quarter of 2022, Safe
Bulkers made scheduled principal payments of $10.3 million and made
voluntary debt prepayments of $81.8 million. Year over year, Safe
Bulkers de-levered its balance sheet by more than $200 million
reducing debt to comparable levels to Safe Bulkers fleet's scrap
value. Safe Bulkers financial strength has enabled the company to
declare a dividend of $0.05 per common share for the first quarter
of 2021 and currently has over $400 million of charter
contracts.
Safe Bulkers ESG Report can be accessed
using the link
below:https://safebulkers.com/wp-content/uploads/2021/08/sustainability_report2020-1.pdf
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CONTACTFor more information on the please
email forum@capitallink.com or call +1 212
661-7566.
Investor Relations / Media Contact:Nicolas
Bornozis, President Capital Link, Inc.230 Park Avenue, Suite 1536
New York, N.Y. 10169Tel.: (212) 661-7566Fax: (212) 661-7526E-Mail:
safebulkers@capitallink.com
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