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Safe Bulkers, Inc. logo

Safe Bulkers, Inc.

safebulkers.com

What Do They Do?

Ships bulk cargo such as coal, grain and iron ore worldwide for large cargo buyers.

Who Are Their Customers?

Large national, regional and international companies charter vessels directly, and the company seeks customers that use the vessels themselves rather than sub-chartering them.

Do Revenues Turn Into Profits?

Yes. It kept 14 cents of every revenue dollar as net income in .

Operating income,
25% of revenue
▼ −46% vs ($128.4M, 42%)
Net income,
14% of revenue
▼ −60% vs ($97.4M, 32%)

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