Safe Bulkers posts $38.6m annual profit despite market volatility

Cyprus-linked shipping company Safe Bulkers reported resilient profitability and stronger liquidity in 2025, navigating a volatile dry bulk market shaped by geopolitical disruption and shifting trade flows.

NYSE-listed company, controlled by the interests of Polys Hajioannou, posted net income of $38.6 million for the year, compared with $97.4m in 2024, while maintaining what management described as a disciplined capital structure .

At the same time, revenues reached $275.7m...