Safe Bulkers, Inc. Announces Filing of 2010 Annual Report on Form 20-F
News Release
Safe Bulkers, Inc.
March 4, 2011
Athens, Greece – March 4, 2011 -- Safe Bulkers, Inc. (the “Company”) (NYSE:
SB), an international provider of marine drybulk transportation services, announced
today that it has filed its 2010 Annual Report on Form 20-F with the U.S. Securities
and Exchange Commission (the “SEC”).
The 2010 Annual Report on Form 20-F is available by link through the Company’s
website, www.safebulkers.com, under Investor Relations > SEC Filings.
Alternatively, shareholders may also receive a hard copy of the 2010 Annual Report
on Form 20-F, free of charge, by request to Capital Link, using the contact details
provided at the end of this press release.
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 nine additional drybulk
newbuild vessels to be delivered at various times through 2013.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of
the Securities Exchange Act of 1933, as amended, and in Section 21E of the
Securities Act of 1934, as amended) concerning future events, the Company’s growth
strategy and measures to implement such strategy, including expected vessel
acquisitions and entering into further time charters. Words such as “expects,”
“intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of
such words and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to, changes in the
demand for drybulk vessels, competitive factors in the market in which the Company
operates, risks associated with operations outside the United States and other factors
listed from time to time in the Company’s filings with the Securities and Exchange
Commission. The Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with respect thereto or
any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Athens, Greece
Tel.: +30 (210) 899-4980
Fax: +30 (210) 895-4159
E-Mail: directors@safebulkers.com
Investor Relations / Media Contact:
Ramnique Grewal
Vice President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
SB), an international provider of marine drybulk transportation services, announced
today that it has filed its 2010 Annual Report on Form 20-F with the U.S. Securities
and Exchange Commission (the “SEC”).
The 2010 Annual Report on Form 20-F is available by link through the Company’s
website, www.safebulkers.com, under Investor Relations > SEC Filings.
Alternatively, shareholders may also receive a hard copy of the 2010 Annual Report
on Form 20-F, free of charge, by request to Capital Link, using the contact details
provided at the end of this press release.
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 nine additional drybulk
newbuild vessels to be delivered at various times through 2013.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of
the Securities Exchange Act of 1933, as amended, and in Section 21E of the
Securities Act of 1934, as amended) concerning future events, the Company’s growth
strategy and measures to implement such strategy, including expected vessel
acquisitions and entering into further time charters. Words such as “expects,”
“intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of
such words and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to, changes in the
demand for drybulk vessels, competitive factors in the market in which the Company
operates, risks associated with operations outside the United States and other factors
listed from time to time in the Company’s filings with the Securities and Exchange
Commission. The Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with respect thereto or
any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Athens, Greece
Tel.: +30 (210) 899-4980
Fax: +30 (210) 895-4159
E-Mail: directors@safebulkers.com
Investor Relations / Media Contact:
Ramnique Grewal
Vice President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com