Despite the pressures from the low freight market and the intense geopolitical instability that dominates international markets, Safe Bulkers maintained its profitability during the first half of 2025.
The company managed to increase its financial strength, continuing the implementation of the fleet renewal program and sustainable financing, remaining committed to its strategic vision.
During the first half of 2024, Safe Bulkers’ revenue amounted to 130.1 million dollars, compared to 160.2 million in the same period in 2024.
Its profit increased to 8.9 million from 52.9 million in 2024.
The company’s net income in the second quarter of 2025 stood at 1.7 million compared to 27.6 million in the same period last year.
Revenue reached 65.7 million euros, compared to 8.5 million in the same period in 2024.
The company’s net income totaled 1.7 million in the second quarter of 2025 compared to 27.6 million in the same period last year.
Revenue amounted to 65.7 from 78.5 million in the same period in 2024.
In its announcement, Safe Bulkers underlined that it is closely monitoring developments regarding the Russia-Ukraine war, declaring full compliance with sanctions. The company emphasized that it does not have Russian or Ukrainian crews, nor does it operate in the Black Sea.
