SAFE BULKERS, INC.

Vessel Name	Vessel Type	DWT	Year Built	Shipyard (Country)
MV Katerina MV Maritsa MV Paraskevi 2 MV Efrossini MV Zoe MV Koulitsa 2 MV Kypros Land MV Kypros Sea MV Kypros Bravery MV Kypros Sky MV Kypros Loyalty MV Kypros Spirit	Panamax	76,000 76,000 75,000 75,000 75,000 75,000 77,100 77,100 78,000 77,100 78,000 78,000	2004 2005 2011 2012 2013 2013 2014 2014 2015 2015 2015 2016	Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan
MV Pedhoulas Merchant MV Pedhoulas Trader MV Pedhoulas Leader MV Pedhoulas Commander MV Pedhoulas Cherry MV Pedhoulas Rose MV Pedhoulas Cedrus MV TBN1 ¹ MV TBN2 ² MV TBN3 ² MV TBN4 ² MV TBN5 ³ MV TBN6 ³	Kamsarmax	82,300 82,300 82,300 83,700 82,000 82,000 81,800 82,000 82,000 82,000 82,000 82,000 82,000	2006 2006 2007 2008 2015 2017 2018 2022 2023 2023 2023 2024 2024	Japan Japan Japan Japan China China Japan Japan Japan Japan Japan Japan Japan
MV Marina MV Xenia MV Sophia MV Eleni MV Martine MV Andreas K MV Panayiota K MV Agios Spyridonas MV Venus Heritage MV Venus History MV Venus Horizon MV Venus Harmony MV Troodos Sun MV Troodos Air MV Troodos Oak MV TBN7 ⁴ MV TBN8 ⁵ MV TBN9 ⁶	Post-Panamax	87,000 87,000 87,000 87,000 87,000 92,000 92,000 92,000 95,800 95,800 95,800 95,000 85,000 85,000 85,000 87,000 87,000 87,000	2006 2006 2007 2008 2009 2009 2010 2010 2010 2011 2012 2013 2016 2016 2020 2022 2023 2023	Japan Japan Japan Japan Japan South Korea South Korea South Korea Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan
Mount Troodos MV Kanaris MV Pelopidas MV Stelios Y MV Lake Despina	Capesize	181,400 178,100 176,000 181,400 181,400	2009 2010 2011 2012 2014	Japan China China Japan Japan
Total		4,493,400

1) Japanese newbuild vessel, to be delivered within the second quarter of 2022
2) Japanese newbuild vessel, to be delivered within the fourth quarter of 2023
3) Japanese newbuild vessel, to be delivered within the first quarter of 2024
4) Japanese newbuild vessel, to be delivered within the third quarter of 2022
5) Japanese newbuild vessel, to be delivered within the first quarter of 2023
6) Japanese newbuild vessel, to be delivered within the second quarter of 2023

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