Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Newbuild Japanese Kamsarmax Class Dry-bulk Vessel
Safe Bulkers, Inc. (NYSE: SB), a renowned provider of marine drybulk transportation services, revealed today its plans to acquire an 82,000 dwt dry-bulk vessel of Japanese origin from the Kamsarmax class. The vessel is expected to be delivered in the fourth quarter of 2026.
This announcement comes as Safe Bulkers Inc’s return on assets (ROA) for the fourth quarter of 2023 stood at 5.76%, which is lower than the company’s average ROA of 7.38%. Although the net income showed growth from the previous quarter, the ROA declined compared to the third quarter of 2023. In addition, among companies in the Transportation sector, 27 others achieved a higher return on assets, indicating a relative drop in Safe Bulkers Inc’s overall ranking from the third quarter of 2023 to 892.
To further highlight Safe Bulkers Inc’s commitment to its shareholders, the company declared dividends on October 4, 2023. This move reflects the company’s dedication to rewarding investors and building long-term shareholder value. The declaration of dividends not only strengthens the company’s financial stability but also fosters trust and loyalty among stakeholders.
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