Safe Bulkers Sells Two Older Drybulk Vessels as Part of Fleet Renewal Strategy

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Safe Bulkers ( (SB) ) has shared an update. On May 18, 2026, Monaco-based Safe Bulkers, Inc. announced it had agreed to sell two Japanese-built drybulk vessels, the 2006 Post-Panamax MV Xenia for $13.0 million and the 2008 Kamsarmax MV Pedhoulas Commander for $14.7 million, with delivery to new owners scheduled after completion of their current voyages. Both ships will be handed over with their dry-dockings due, indicating a planned exit from older assets before incurring upcoming maintenance costs. President Dr. Loukas Barmparis said the divestments form part of the company’s fleet renewal strategy, as Safe Bulkers continues to rotate out of its oldest Kamsarmax and Post-Panamax units while investing in modern newbuilds. Since 2022 the company has taken delivery of thirteen IMO GHG Phase 3 and NOx Tier III vessels and holds an orderbook of eleven additional newbuildings, a program aimed at maintaining a younger, more fuel-efficient and environmentally advanced fleet that could enhance its competitiveness and regulatory positioning in the drybulk shipping market. The most recent analyst rating on (SB) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Safe Bulkers stock, see the SB Stock Forecast page. Spark’s Take on SB Stock According to Spark, TipRanks’ AI Analyst, SB is a Neutral. The score is driven primarily by solid but cyclical financials: manageable leverage and positive operating cash flow are offset by sharp margin/ROE deterioration and uneven free cash flow. Technicals are moderately positive with constructive moving-average alignment and neutral momentum. Valuation and dividend are reasonable, while the latest earnings call was balanced—strong liquidity and backlog, but rising costs and slightly weaker near-term profitability. To see Spark’s full report on SB stock, click here. More about Safe Bulkers Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, carrying bulk cargoes such as coal, grain and iron ore along global shipping routes for major industrial clients. The company’s common and preferred shares trade on the New York Stock Exchange under the symbols SB, SB.PR.C and SB.PR.D, reflecting its established presence in the public capital markets. Average Trading Volume: 605,982 Technical Sentiment Signal: Buy Current Market Cap: $719.8M See more data about SB stock on TipRanks’ Stock Analysis page.