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Annual Safe Bulkers meeting held

Annual Safe Bulkers meeting held
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, held its annual meeting of stockholders in Athens.

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, held its annual meeting of stockholders in Athens.

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, held its annual meeting of stockholders in Athens yesterday. It was the Company's first annual meeting since its initial public offering last year. The Company announced the election of three Class I directors. Elected Class I directors include Polys Hajioannou, the Company's Chief Executive Officer and Chairman of the Board of Directors, Ioannis Foteinos, the Company's Chief Operating Officer, and Ole Wikborg, an independent director who serves as a director, senior underwriter and member of the management team of the Norwegian Hull Club, based in Oslo, Norway.The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2012 and until their respective successors have been duly elected and qualified.

Stockholders also ratified the appointment of Deloitte, Hadjipavlou, Sofianos & Cambanis S.A. as the Company's independent auditors for the fiscal year ending December 31, 2009.

Stockholders also approved an amendment to the Company's First Amended and Restated Articles of Incorporation that defines its shipping-related activities. A summary of the amendment is set forth under the heading "Proposal III Approval of the Amendment to the Company's First Amended and Restated Articles of Incorporation" in the Company's proxy statement dated June 8, 2009.

The Company's subsidiaries provide 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 such services. The Company's common stock is listed on the NYSE where it trades under the symbol "SB." The Company's subsidiaries currently own 13 Japanese-built drybulk vessels, all built post-2003.

www.TurkishMaritime.com.tr

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