New York-listed Safe carded an adjusted loss of $3.9 in the three months to the end of June, down marginally on the $3.2m at this stage in 2014.
Adjusted earning per share of $0.09 were exactly as analysts tracking the company had projected.
Dr. Loukas Barmparis, president of Safe Bulkers, said: “In this part of the shipping cycle our capital expenditure requirements are extended through 2019 and are fully covered.
“We maintain a strong balance sheet and remained focused on lean operations.”
Safe has a fleet of 36 bulkers on the water and eight newbuildings under construction.
