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Safe Bulkers Sells Kamsarmax Vessel as Part of Fleet Renewal Strategy

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Safe Bulkers Sells Kamsarmax Vessel as Part of Fleet Renewal Strategy

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An update from Safe Bulkers ( (SB) ) is now available.

On August 12, 2025, Safe Bulkers, Inc. announced the sale of the MV Pedhoulas Merchant, a 2006 Japanese-built Kamsarmax class dry-bulk vessel, for $11.5 million, with delivery scheduled for September 2025. This sale is part of the company’s strategy to renew its fleet, as it prepares to receive four newbuild vessels by 2026, and maintains an orderbook of six vessels through 2027.

The most recent analyst rating on (SB) stock is a Buy with a $4.20 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 maintains a stable financial position with solid operational efficiency and cash flow management, despite facing revenue declines and profitability pressures. The stock’s positive technical indicators and attractive valuation provide a favorable outlook, although mixed earnings call outcomes suggest caution.

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, specializing in the transportation of bulk cargoes such as coal, grain, and iron ore across global shipping routes. The company’s common stock and preferred stock are listed on the NYSE under the symbols SB, SB.PR.C, and SB.PR.D.

Average Trading Volume: 410,629

Technical Sentiment Signal: Strong Buy

Current Market Cap: $431.8M

For a thorough assessment of SB stock, go to TipRanks’ Stock Analysis page.

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