Search results for: Safe Bulkers

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A list of search results

  • 16 November 2018
    Business & Finance

    Safe Bulkers has concluded its refinancing actions with a USD 51.4 million loan facility.

  • 8 November 2018
    Business & Finance

    Safe Bulkers reached amendments on loan facilities, pushing back USD 132.4 million of balloon payments.

  • 6 December 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers has unveiled plans to offer its common stock in an effort to raise funds for the acquisition of secondhand vessels. With a par value of USD 0.001 per share, the public offering would include a 30-day option which would be granted to the underwriters to purchase additional common stock “solely […]

  • 20 February 2019
    Business & Finance, Rules & Regulation

    The company plans to install scrubbers in almost half of its fleet.

  • 30 May 2019
    Business & Finance

    Safe Bulkers is getting ready for the IMO 2020 rule with scrubbers at the forefront of its compliance solution.

  • 28 July 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers has managed to reduce its net loss in the second quarter of 2017 to USD 1.6 million as compared to USD 9 million reported in the same period in 2016. Net revenue for the three-month period ended June 30, 2017 increased by 34% to USD 35 million from […]

  • 26 July 2018
    Business & Finance

    Safe Bulkers has reached refinancing agreements related to two of its credit facilities.

  • 3 October 2017
    Business & Finance

    Monaco-based owner of dry bulk carriers Safe Bulkers has refinanced USD 74.9 million loans outstanding, the company said. The refinancing was carried out via a new loan facility of USD 49.6 million and USD 17 million cash on hand, resulting in a debt write-off of about USD 8.3 million. “We continued our actions towards improving […]

  • 4 September 2019
    Business & Finance, Rules & Regulation

    Scrubber were installed on five vessels by the end of August 2019.

  • 16 July 2019
    Business & Finance

    The company’s 2009-built vessel now features an open loop, U-Type, Alfa Laval PureSOx scrubber.

  • 15 February 2018
    Business & Finance

    Safe Bulkers’ net loss reached USD 86.6 million in 4Q 2017, against USD 4.6 million reported a year earlier.

  • 6 November 2017
    Business & Finance

    The shipping industry has to face the music when it comes to becoming compliant with the new environmental regulations, such as the Ballast Water Management Convention (BWMC) and the IMO’s 2020 Sulfur Cap, as highlighted by Polys Hajioannou, Chairman & CEO of Safe Bulkers in an interview provided by Capital Link. Namely, shipowners have to install the necessary BWM equipment […]

  • 14 August 2018
    Business & Finance

    Safe Bulkers has availed of attractive prices to expand its presence in the Capesize market.

  • 11 February 2016
    Business & Finance

    Greece-based dry bulk shipowner Safe Bulkers has sold two Panamx vessels to entities controlled by Polys Hajioannou, the company’s Chairman and Chief Executive Officer. The vessels in question are the Stalo, an 87,000 dwt Post-Panamax vessel built in 2006, and the Kypros Unity, a 78,000 dwt Panamax vessel built in 2014 and they were sold for […]

  • 28 February 2020
    Business & Finance, Rules & Regulation

    Safe Bulkers has pushed the installation of scrubbers on five of its vessels for the second quarter of the year.

  • 20 April 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers has managed to extend maturity of an existing credit facility with Nordea secured by one of its Capesize class vessels with an outstanding commitment of USD 30.3 million. Under the deal, the maturity will be pushed by two years from June 2019 to June 2021 and the balloon payment initially scheduled to be […]

  • 1 November 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers managed to return to profitability in the third quarter of 2017, after seeing losses for an extended period. In the three months ended September 30, the company’s net income reached USD 6.7 million as compared to net loss of USD 24.5 million reported during the same period in […]

  • 4 August 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers has secured USD 16.9 million of financing for the construction of a new Kamsarmax class vessel, scheduled for delivery in the first half of 2018. An unaffiliated investor would provide the funds in exchange for a 2.95% cumulative redeemable perpetual preferred equity, to be issued upon the delivery of the ship. “This arrangement allows the company […]

  • 17 January 2020
    Business & Finance

    Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.

  • 31 July 2015
    Business & Finance

    Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, compared to net income of USD 2.1 million during the same period in 2014, driven largely by a 15% decrease in net revenue for the quarter ended June 30. The quarterly net revenue was USD 31.8 million, compared to USD 37.2 million reported for 2QFY2014. The […]

  • 15 December 2017
    Business & Finance

    Safe Bulkers has acquired a South Korean-built dry bulk Post-Panamax class vessel “at an attractive price”.

  • 20 January 2016
    Business & Finance

    Monaco-based drybulk transportation company Safe Bulkers has entered into a time charter deal for one of its 87,000 dwt Post-Panamax-class vessels with an undisclosed client. The charter deal was signed for a duration of 30 months, with a forward delivery date in April of 2016, for a gross daily charter rate of USD 7,250, less 1.25% total commissions. Safe Bulkers […]