Earnings Release: Tuesday, February 14, 2012, After Market Closes
Conference Call and Webcast: Wednesday, February 15, 2012 at 08:30 A.M. EST
Athens, Greece - January 31, 2012 -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the fourth quarter and full year ended December 31, 2011 after the market closes in New York on Tuesday, February 14, 2012.The Company also expects to announce the declaration of a dividend for the fourth quarter 2011 at that time.
On Wednesday, February 15, 2012 at 08:30 A.M. EST, the Company's management team will
host a conference call to discuss the financial results.
Conference CallParticipants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 (866) 819-7111 (US Toll Free Dial In), 0(800) 953-0329 (UK Toll Free Dial In) or
+44 (0)1452-542-301 (Standard International Dial In). Please quote "Safe Bulkers" to the operator.
A telephonic replay of the conference call will be available until February 24, 2012 by dialing 1 (866) 247-4222 (US Toll Free Dial In), 0(800) 953-1533 (UK Toll Free Dial In) or +44 (0)1452
550-000 (Standard International Dial In). Access Code: 1859591#
Slides and audio webcast:There will also be a live, and then archived, webcast of the conference call, available through the Company's website (www.safebulkers.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
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 is listed on the NYSE, where it trades under the symbol "SB." The Company's current fleet consists of 18 drybulk vessels, all built post-2003, and the Company has contracted to acquire 10 additional drybulk newbuild vessels to be delivered at various times through 2014.
Forward-Looking Statements
This press release contains forward-looking statements (as
defined in Section 27A of the
Securities Exchange Act of 1933, as amended, and in Section
21E of the Securities 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, 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 drybulk vessels,
competitive factors in the market in which the Company
operates, risks associated with operations outside the United
States 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 undertaking 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.
Dr. Loukas Barmparis
President
Safe Bulkers, Inc. Athens, Greece
Tel.: +30 (210) 899-4980
Fax: +30 (210) 895-4159
E-Mail: directors@safebulkers.com
Matthew Abenante
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
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