Safe Bulkers, Inc. (Safe Bulkers) is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes. Safe Bulkers is a holding company with 35 subsidiaries. As of February 15, 2013, the Company had a fleet of 25 drybulk vessels, with an aggregate carrying capacity of 2,282,400 dead weight tons and an average age of four years. As of February 25, 2012 the Company�s fleet consisted of 25 vessels, of which seven are Panamax class vessels, six are Kamsarmax class vessels, 10 are Post-Panamax class vessels and two are Capesize class vessels, with an aggregate carrying capacity of 2,282,400 dead weight tons and an average age of four years. During the year ended December 31, 2012, two of the Company�s charterers accounted for 62.9% of its revenues, namely Daiichi Chuo Kishen Kaisha and Kawasaki Kisen Kaisha.