Safe Bulkers Sells 2012-Built Capesize Vessel as Part of Fleet Renewal Drive

Safe Bulkers ( (SB) ) has issued an announcement.

Safe Bulkers, Inc. announced in Monaco on February 13, 2026 that it has agreed to sell the MV Michalis H, a 2012 Chinese-built Capesize dry-bulk vessel, for a gross price of $35.2 million, with forward delivery scheduled within the first quarter of 2026. Management framed the deal as part of a broader fleet renewal strategy, saying the vessel was sold at what it considers an optimal point in the cycle and noting that the company’s orderbook now stands at eight vessels scheduled for delivery through 2029, underscoring its ongoing fleet modernization and potential implications for future capacity and efficiency.

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 drybulk transportation services, carrying bulk cargoes such as coal, grain and iron ore along global shipping routes for major industrial users. 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, reflecting its focus on listed, asset-based exposure to the drybulk shipping market.

Average Trading Volume: 589,651

Technical Sentiment Signal: Buy

Current Market Cap: $612.9M

For detailed information about SB stock, go to TipRanks’ Stock Analysis page.