Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services,

announced today that the Company has entered into a new period time charter for one of its 87,000 dwt Post-Panamax-class vessels, for a duration of 30 months, with a forward delivery date in April of 2016, at a gross daily charter rate of $7,250, less 1.25% total commissions. 

This employment is anticipated to generate approximately US$6.5 million of gross revenue for the scheduled period of the time charter. 

About Safe Bulkers, Inc. 
The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company's common stock, Series B, Series C and Series D preferred stock is listed on the NYSE, where it trades under the symbols “SB”, “SB.PR.B”, “SB.PR.C” and “SB.PR.D”, respectively.