Safe Bulkers

Citi is lowering its PT on shares of Safe Bulkers (NYSE: SB) from $10 to $9. Safe Bulkers closed Tuesday at $8.30.

After the close Monday, Safe Bulkers, Inc. (NYSE: SB) launched a five million share equity offering, “which at Monday's closing price would raise approximately $44 million net of transaction fees and excluding a 0.75 million share over-allotment option,” Citi reports. “Including the over-allotment...

Dahlman Rose & Co. published its research report this morning on Safe Bulkers (NYSE: SB) after adjusted 3Q10 EPS were reported. According to Dahlman Rose & Co., "Safe Bulkers reported adjusted 3Q10 EPS of $0.40, below our $0.42 estimate but ahead of the Street's $0.39. With operational...

Dahlman Rose has issued its Martime Report that benchmark 4Q2010 iron ore prices will be finalized this week, with average spot prices just under $137/ton, which is an $18/ton discount to Chinese spot levels, leaving the dry bulk market well positioned for the coming months, Dahlman reports. Here...

Tanker, Dry Bulk, and Container markets have lifted off of weak levels and have posted seasonal upturns as summer comes to a close, according to Dahlman Rose, which forecasts a solid run into the end of 2010. Current Tanker/Dry Bulk/Container risks consist of the fact that growth depends on...