Safe Bulkers, Inc. Sets Date for First Quarter 2014 Results, Dividend Announcement, Conference Call and Webcast

Safe Bulkers, Inc. Sets Date for First Quarter 2014 Results, Dividend 
Announcement, Conference Call and Webcast 
Earnings Release: Wednesday, May 28, 2014, After Market Closes;
Conference Call and Webcast: Thursday, May 29, 2014, at 09:00 A.M.
ATHENS, GREECE -- (Marketwired) -- 05/15/14 --  Safe Bulkers, Inc.
(the Company) (NYSE: SB), an international provider of marine drybulk
transportation services, announced today that it will release its
results for the quarter ended March 31, 2014 after the market closes
in New York on Wednesday, May 28, 2014. The Company also expects to
announce the declaration of a dividend on common stock for the first
quarter 2014 at that time.  
On Thursday, May 29, 2014, at 9:00 A.M. EDT, the Company's management
team will host a conference call to discuss the financial results. 
Conference Call details:
 Participants should dial into the call 10
minutes before the scheduled time using the
 following numbers: 1
(866) 819-7111 (US Toll Free Dial In), 0(800) 953-0329 (UK Toll Free
Dial In) or +44 (0)1452-542-301 (Standard International Dial In).
Please quote "Safe Bulkers" to the operator.  
A telephonic replay of the conference call will be available until
June 5, 2014 by dialing 1 (866) 247-4222 (US Toll Free Dial In),
0(800) 953-1533 (UK Toll Free Dial In) or +44 (0)1452 550-000
(Standard International Dial In). Access Code: 1859591# 
Slides and audio webcast:
 There will also be a live, and then
archived, webcast of the conference call, available through the
Company's website ( Participants to the live
webcast should register on the website approximately 10 minutes prior
to the start of the webcast. 
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 and
series C preferred stock is listed on the NYSE, where it trades under
the symbols "SB", "SB.PR.B" and "SB.PR.C", respectively. The
Company's current fleet consists of 31 drybulk vessels, all built
2003 onwards, and the Company has agreed to acquire 13 additional
drybulk ne
wbuild vessels to be delivered at various times through
Forward-Looking Statements
 This press release contains
forward-looking statements (as defined in Section 27A of the
Securities Exchange Act of 1933, as amended, and in the Section 21E
of the Securities Act of 1934, as amended) concerning future events,
the Company's growth strategy and measures to implement such
strategy, including expected vessel acquisitions and entering into
further time charters. Words such as "expects," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates" and variations of
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed or
implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to,
changes in the demand for drybulk vessels, competitive factors in the
market in which the Company operates, risks associated with
operations outside the United States and other factors listed from
time to time in the Company's filings with the Securities and
Exchange Commission. The Company expressly disclaims any obligations
or undertaking to release any updates or revisions to any
forward-looking statements contained herein to reflect any change in
the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based. 
For further information please contact: 
Company Contact:
Dr. Loukas Barmparis
 Safe Bulkers, Inc.
Athens, Greece
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
Investor Relations / Media Contact:
Nicolas Bornozis
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
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