SB
Safe Bulkers, Inc.
SB
Safe Bulkers, Inc.
Shares of shipping companies have surged to their highest levels in a decade or more, as a prolonged crisis in the Strait of Hormuz squeezes the global supply of vessels. The rally is being driven by
Safe Bulkers NYSE: SB reported higher second-quarter earnings as stronger charter rates and increased bareboat charter income lifted revenue and profitability, while the company raised its quarterly d
Safe Bulkers continues strong operations and prudent fleet renewal, but the common stock lacks a clear margin of safety at current levels. Recent vessel sales above book value support higher NAV estim