Safe Bulkers Announces that its Manager
Receives 2009 Cyprus Shipping Industry Award
Athens, Greece – October 6, 2009 – Safe Bulkers, Inc. (the “Company”) (NYSE:
SB), an international provider of marine dry bulk transportation services, announced
today that its Manager, Safety Management Overseas S.A. (the " Manager"), was
awarded a 2009 Cyprus Shipping Industry Award from the Department of Merchant
Shipping of the Republic of Cyprus.
The award was bestowed on September 27, 2009 during the Maritime Cyprus 2009
Conference held in Limassol, Cyprus.
Polys Hajioannou, Chairman of the Board of Directors and Chief Executive Officer, of
the Company said: “We are very proud for this recognition of our Manager for their
ongoing commitment to the industry and would like to congratulate its personnel. Our
strategy has always been to maintain a high level of operating excellence. Safety,
operational and maintenance standards are set at very high levels, which together with
the age of our fleet ensure our fleet's smooth operations and low risks for our crews,
vessels and the environment.”
The Cyprus Maritime Awards are given by the Cyprus Department of Merchant
Shipping to recognize services that have contributed to the development, improvement,
advancement and promotion of the Cyprus merchant shipping industry. The Cyprus
Shipping Industry Award is bestowed on companies which have shown continuous and
outstanding contribution in the qualitative improvement of the Cyprus merchant fleet,
establishing Cyprus as a shipping centre, the development of the Cyprus economy and
the training and employment of Cypriot seafarers.
About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services,
transporting bulk cargoes, particularly grain, iron ore and coal, 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 New York Stock Exchange, where it trades under
the symbol “SB”. The Company’s fleet consists of 14 drybulk vessels, all built post-2003,
and the Company has contracted to acquire additional drybulk newbuild vessels to be
delivered at various times beginning in 2010 through 2011.
Safe Bulkers, Inc.
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