Safe Bulkers' stock will be traded on two different stock exchanges at the same time, the New York Stock Exchange and the Athens Stock Exchange, giving more investors access to buy it. Main Market of Euronext Athens confirmed that the company meets all the official legal and technical requirements to list its stock.
The Company expects to announce the date on which trading will commence following approval of the prospectus by the HCMC. The Company is advised by Piraeus Bank S.A. as listing advisor. Potamitis Vekris Law Firm served as legal counsel on matters of Greek law and White & Case LLP served as global legal counsel.
The company transports 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.
Safe Bulkers Inc. specializes in the ownership of dry bulk vessels. Its fleet of 45 dry bulk vessels consisted of 8 Panamax, 13 Kamsarmax, 17 Post-Panamax and 7 Capesize class vessels with an average age of 10.5 years and an aggregate carrying capacity of 4.5 million dwt. 82% of our fleet has been built in Japanese shipyards.
At the same time, the orderbook of the Company consists of 11 dry bulk vessels, two of which dual-fueled, with an aggregate carrying capacity of 1 million dwt and deliveries from Q3 2026 until Q2 2029.
All newbuilds on the Company’s orderbook have been placed in top quality shipyards and are designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of green house gas emissions – GHG -EEDI Phase 3 as adopted by the International Maritime Organization – IMO and with the latest NOx emissions regulation, NOx-Tier III (IMO, MARPOL Annex VI, reg. 13)
The two dual-fuled newbuilds are capable of operating with methanol and fuel. When powered by green methanol the vessels can produce close to zero GHG emissions based on the life cycle assessment (LCA) methodology well-to-propeller (WTP).
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.
ELNAVI Newsletter
More Information: ELNAVI,
19, Aristidou str., Piraeus 185 31,
Tel.: +30 210 45.22.100, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.