CYPRadar 🇨🇾💰 Safe Bulkers declares quarterly dividend and advances fleet renewal with new methanol dual-fuel bulk carrier
Safe Bulkers, a New York-listed dry-bulk shipping company, has approved a quarterly cash dividend of $0.50 per share for its Series C and Series D preferred shareholders. The dividend covers the period from April 30 to July 29, 2026, with payments scheduled for July 30, 2026, to shareholders of record on July 17, 2026. The company cautioned that future dividends remain subject to board discretion based on various financial and operational factors.
In line with its fleet renewal program, Safe Bulkers successfully launched its first methanol dual-fuel bulk carrier, Hull No. SS386, named Kypros Island, on June 25, 2026, at the Tsuneishi shipyard in China. The 81,200 DWT Kamsarmax vessel, which will fly the Cyprus flag, is expected to be delivered by October 2026. A second methanol dual-fuel-ready vessel will join the fleet in January 2027, supporting the company's commitment to decarbonization and compliance with international greenhouse gas reduction regulations.
Additionally, Safe Bulkers continues to emphasize its Environmental, Social, and Governance (ESG) initiatives locally in Cyprus. On June 16, it hosted the Safe Bulkers Awards of Excellence 2026 in Limassol, awarding €10,500 in scholarships to 21 young female volleyball players demonstrating academic and athletic excellence. The company reaffirmed its dedication to youth development, health, and positive values as key elements of its ESG strategy.
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