Safe Bulkers (NYSE:SB) Inc. (NYSE: SB) is a global provider of seaborne drybulk transportation services, specializing in the carriage of major commodities such as iron ore, coal, grain, fertilizers, bauxite, and phosphate rock. Incorporated in 2008 as a spin-off from Excel Maritime Carriers Ltd., the company has built a modern fleet of Handysize, Supramax, Panamax and Capesize vessels designed to meet a broad range of charterer requirements. Safe Bulkers aims to offer reliable freight services under both spot and time charter contracts, leveraging its fleet flexibility to optimize utilization and deliver value to customers worldwide.
Headquartered in Monaco with commercial offices in Athens, Safe Bulkers operates across the Atlantic, Pacific and Indian Ocean trading routes. Its vessels call at major loading and discharge ports in North and South America, Europe, Asia and Australia, serving utilities, steel mills, grain traders and other bulk commodity consumers. The company’s technical and administrative operations are overseen by Safe Bulkers Management Corp., which provides crewing, maintenance and compliance support to ensure safe and efficient vessel performance.
Through a combination of multi-year time charters and spot voyages, Safe Bulkers balances revenue stability with exposure to market upside. The company continues to modernize its fleet, focusing on fuel-efficient designs and regulatory compliance initiatives, including measures to reduce emissions in line with International Maritime Organization standards. Safe Bulkers also maintains relationships with leading shipyards, financiers and classification societies to support its growth and operational objectives.
Driven by a leadership team with deep maritime experience, Safe Bulkers is chaired by shipping veteran George Procopiou, whose career spans several decades in global tonnage management. The company’s executive management, led by Chief Executive Officer Panayiotis Tsagris, brings expertise in commercial chartering, technical operations and strategic planning. Together, they oversee Safe Bulkers’ commitment to safety, environmental stewardship and long-term value creation in the drybulk shipping sector.
