Safe Bulkers Inc (SB) has disclosed a new risk, in the Supply Chain category.
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Safe Bulkers Inc. faces significant business risks due to global supply chain disruptions, which have led to increased freight costs and shipment delays. The maritime transport sector is particularly affected by attacks on vessels in the Red Sea by Houthi rebels, forcing ships to take longer routes. Additionally, a sustained drought has reduced capacity in the Panama Canal, while a port strike in the U.S. Gulf and East Coast regions exacerbates the situation. These factors collectively pose a material adverse effect on the company’s financial condition and operational results.
The average SB stock price target is $5.10, implying 34.56% upside potential.
To learn more about Safe Bulkers Inc’s risk factors, click here.