Safe Bulkers posts $1.7m profit in Q2 despite weaker rates and higher costs

Safe Bulkers, the Limassol-based shipowner listed in New York Stock Exchange, squeezed out a profit in Q2, 2025 despite surging costs, weaker rates and geopolitical instability, with six newbuilds underway and fresh credit lines secured. Net income fell to $1.7 million, down from $27.6 million in the same period last…