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Safe Bulkers ( (SB) ) just unveiled an update.
On January 22, 2026, Monaco-based Safe Bulkers, Inc. announced it has agreed to acquire two newbuild Chinese Kamsarmax class dry-bulk vessels of 82,500 dwt each, scheduled for delivery in the third quarter of 2028 and the first quarter of 2029. The vessels, which are sisters to existing ships in its fleet, are designed to comply with IMO’s Phase 3 Energy Efficiency Design Index standards for greenhouse gas emissions and NOx-Tier III regulations, enhancing fuel efficiency and reducing emissions. With this deal, Safe Bulkers has now taken delivery of twelve IMO Phase 3 – NOx Tier III vessels and holds an orderbook of eight additional newbuilds, including two methanol dual-fuel ships, due between 2026 and 2029. Management framed the latest orders as part of a broader fleet renewal strategy aimed at improving competitiveness, resilience and environmental performance, reinforcing the company’s positioning among owners of modern, efficient dry bulk fleets.
The most recent analyst rating on (SB) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Safe Bulkers stock, see the SB Stock Forecast page.
Spark’s Take on SB Stock
According to Spark, TipRanks’ AI Analyst, SB is a Outperform.
Safe Bulkers’ overall stock score is driven by its solid financial performance and positive technical indicators. The company’s strong cash flow and operational efficiency are significant strengths. However, fair valuation and challenges highlighted in the earnings call, such as decreased revenue and geopolitical risks, slightly temper the score.
To see Spark’s full report on SB stock, click here.
More about Safe Bulkers
Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, carrying bulk cargoes such as grain, coal and iron ore along global shipping routes for some of the world’s largest users of dry-bulk shipping. The company’s common and preferred shares trade on the New York Stock Exchange under the symbols SB, SB.PR.C and SB.PR.D, respectively.
Average Trading Volume: 498,374
Technical Sentiment Signal: Buy
Current Market Cap: $528M
For an in-depth examination of SB stock, go to TipRanks’ Overview page.