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Safe Bulkers, Inc. Announces Sale of a 2007-Built Kamsarmax Class Dry-bulk Vessel

1. Safe Bulkers sold MV Pedhoulas Leader for $12.5 million. 2. The sale supports fleet renewal strategy for modern energy-efficient vessels. 3. Four new vessels are expected by 2026 to improve operational efficiency. 4. Forward-looking statements address uncertainties in dry-bulk shipping market. 5. The company highlights ongoing demand for marine drybulk transportation.

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Why Bullish?

This sale aligns with SB's fleet renewal strategy, which historically leads to higher operational efficiency and potential revenue increases, similar to previous successful fleet updates in maritime industry.

How important is it?

The successful sale and fleet enhancement signal positive momentum for SB, which could attract investor interest and improve stock valuation.

Why Long Term?

The delivery of new vessels through 2026 is likely to enhance operational capacity and efficiency, favorably affecting revenue in the long-term.

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SB.PR.CSB.PR.D
July 28, 2025 09:00 ET  | Source: Safe Bulkers, Inc. MONACO, July 28, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Leader, a 2007 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $12.5 million and forward delivery date between August and October 2025. Dr. Loukas Barmparis, President of the Company, commented: “As part of our fleet renewal strategy, we have sold one of our oldest vessels, having achieved the targeted sale price. Our Company has on order six modern energy-efficient vessels, four of which will be delivered to us within 2026.’’ About Safe Bulkers, Inc. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C” and “SB.PR.D”, respectively. Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, such as the COVID-19 pandemic, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for dry-bulk vessels, competitive factors in the market in which the Company operates, changes in TCE rates, changes in fuel prices, risks associated with operations outside the United States, general domestic and international political conditions, tariffs imposed as a result of trade war and trade protectionism, uncertainty in the banking sector and other related market volatility, disruption of shipping routes due to political events, risks associated with vessel construction and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For further information please contact: Company Contact:Dr. Loukas BarmparisPresidentSafe Bulkers, Inc.Tel.: +30 2 111 888 400Fax: +30 2 111 878 500E-Mail: directors@safebulkers.com Investor Relations / Media Contact:Nicolas Bornozis, President Capital Link, Inc.230 Park Avenue, Suite 1536 New York, N.Y. 10169Tel.: (212) 661-7566Fax: (212) 661-7526E-Mail: safebulkers@capitallink.com

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