Safe Bulkers, Inc. (SB) Q3 2024 Earnings Call Transcript

Safe Bulkers, Inc. (NYSE:SB) Q3 2024 Earnings Conference Call November 14, 2024 9:00 AM ET

Company Participants

Polys Hajioannou - Chairman and CEO
Dr. Loukas Barmparis - President
Konstantinos Adamopoulos - Chief Financial Officer

Conference Call Participants

Emily Harkins - Jefferies

Operator

Ladies and gentlemen, thank you for standing by. And welcome to the Safe Bulkers Conference Call on the Third Quarter 2024 Financial Results. We have with us Mr. Polys Hajioannou, Chairman and Chief Executive Officer; Dr. Loukas Barmparis, President; and Mr. Konstantinos Adamopoulos, Chief Financial Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions]

Following this conference call, if you need any further information on the conference call or on the presentation, please contact Capital Link at 212-661-7566. I must advise you that this conference is being recorded today. The archived webcast of the conference call will soon be made available on the Safe Bulkers website at www.safebulkers.com.

Many of the remarks today contain forward-looking statements based on current expectations. Actual results may differ materially from the results projected from those forward-looking statements.

Additional information concerning factors that can cause actual results differ materially from those in the forward-looking statements is contained in the third quarter 2024 earnings release which is available on the Safe Bulkers website again at www.safebulkers.com.

I would now like to turn the conference call over to one of your speakers today, the Chairman and CEO of the company, Mr. Polys Hajioannou. Please go ahead, sir.

Dr. Loukas Barmparis

Okay. Hi. Good representation. Good morning to all. I’m Loukas Barmparis, President of Safe Bulkers. We had a good quarter compared to the same quarter last year, however, the charter market is gradually softening, allowing with continuing geopolitical uncertainties.