Safe Bulkers, Inc. Awarded ‘‘The Best Dry Cargo Company for the Year 2010’’ at the 7th Annual Lloyds List Greek Shipping Awards
News Release
Safe Bulkers, Inc.
December 17, 2010
Athens, Greece -- December 17, 2010 -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an
international provider of marine drybulk transportation services, announced today that it
received “The Best Dry Cargo Company for the Year 2010” Award at the 7th annual Lloyds List
Greek Shipping Awards that took place in Athens on December 10, 2010.
Based on nominations from the wider shipping community that are assessed by a distinguished
panel of industry judges, the Lloyds List Greek Shipping Awards highlight some of the year's
top performers and finest moments in the industry. Since 2004, the Annual Lloyd’s List Greek
Shipping Awards have been recognizing the best in the dynamic Greek shipping industry.
In his introductory speech, Nigel Lowry, the Lloyds List Greek Correspondent, remarked that
judges noticed not only the successful financial performance of the Company in the New York
Stock Exchange, but also its consistent concentration on new quality vessels especially in the
Panamax segment, the Company’s competitive strength and its ability to take advantage of
growth opportunities.
Polys Hajioannou, Chief Executive Officer of the Company, commented “We are very proud to
have received this award recognizing our performance and our consistent efforts to grow the
Company through selective high quality newbuild acquisitions and to enhance shareholder value
for the long term.”
About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services, transporting
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. The Company's common
stock is listed on the NYSE, where it trades under the symbol “SB”. The Company’s current fleet
consists of 16 drybulk vessels, all built post-2003, and the Company has contracted to acquire
eight additional drybulk newbuild vessels to be delivered at various times through 2013.
international provider of marine drybulk transportation services, announced today that it
received “The Best Dry Cargo Company for the Year 2010” Award at the 7th annual Lloyds List
Greek Shipping Awards that took place in Athens on December 10, 2010.
Based on nominations from the wider shipping community that are assessed by a distinguished
panel of industry judges, the Lloyds List Greek Shipping Awards highlight some of the year's
top performers and finest moments in the industry. Since 2004, the Annual Lloyd’s List Greek
Shipping Awards have been recognizing the best in the dynamic Greek shipping industry.
In his introductory speech, Nigel Lowry, the Lloyds List Greek Correspondent, remarked that
judges noticed not only the successful financial performance of the Company in the New York
Stock Exchange, but also its consistent concentration on new quality vessels especially in the
Panamax segment, the Company’s competitive strength and its ability to take advantage of
growth opportunities.
Polys Hajioannou, Chief Executive Officer of the Company, commented “We are very proud to
have received this award recognizing our performance and our consistent efforts to grow the
Company through selective high quality newbuild acquisitions and to enhance shareholder value
for the long term.”
About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services, transporting
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. The Company's common
stock is listed on the NYSE, where it trades under the symbol “SB”. The Company’s current fleet
consists of 16 drybulk vessels, all built post-2003, and the Company has contracted to acquire
eight additional drybulk newbuild vessels to be delivered at various times through 2013.