SAFE BULKERS, INC.

Safe Bulkers operates an international marine drybulk transportation fleet, providing freight services for commodities including coal, grain, and iron ore. The company owns and operates 46 vessels across four vessel classes: 8 Panamax, 13 Kamsarmax, 17 post-Panamax, and 8 Capesize vessels. This fleet configuration provides an aggregate carrying capacity of approximately 4.6 million deadweight tons, positioning the company to service a range of bulk cargo transport requirements across global shipping routes.

The company generates revenue through vessel chartering arrangements, in which it contracts its drybulk carriers to transport cargo for customers in the commodity shipping sector. Revenue streams derive from spot market charters, time charters, and voyage charters, with earnings tied to prevailing rates in the drybulk shipping market and vessel utilization levels. The fleet's diversified vessel-class composition allows Safe Bulkers to compete across different cargo sizes and trade routes.

Incorporated in 2007 and headquartered in Monaco, the company operates with minimal corporate overhead typical of the shipping industry, focusing capital allocation on vessel acquisition and fleet management. Safe Bulkers maintains operations across major international shipping hubs and trade lanes serving global commodity transportation demand.