Safe Bulkers, Inc. Has Been Ranked "The Second Best Performing Shipping Company for the Year 2010" by Marine Money International

Safe Bulkers, Inc. (the "Company") (NYSE:SB - News), an international provider of marine drybulk transportation services, announced yesterday that it has been ranked "The Second Best Performing Shipping Company for the Year 2010" at the
annually held Marine Money Conference that took place in New York City on June 21-23, 2011.Marine Money has been publishing its rankings for the past 21 years after evaluating about 100 companies from the shipping industry worldwide. The shipping companies are assessed on the basis of Asset Turnover, Profit Margin, Return on Equity, Return on Assets, Market Value of Equity and Book Value of Equity, which are combined to calculate Overall Performance.Last year the Company was ranked "The Best Performing Shipping Company for the Year 2009."Polys Hajioannou, Chief Executive Officer of the Company, commented, "We are proud to be ranked for the second consecutive year in the top tier for the Marine Money Awards from among 100 shipping companies. This recognition demonstrates the consistency of our policies and reflects the hard work of our management team, staff and seagoing personnel."

Source:Safe Bulkers