Safe Bulkers tops shipping companies rank

Safe Bulkers, an international provider of marine drybulk transportation services, has been ranked and awarded the first place in Marine Money's 2013 annual rankings of the Publicly Traded Shipping Companies. The award was announced at the annually held Marine Money Conference that took place in New York City in June.

Marine Money has been publishing its rankings for the past 20 years after evaluating companies from the shipping industry worldwide. The rankings are based upon a series of financial measures and ratios. Polys Hajioannou, CEO of the company, commented: “We are proud for this recognition which demonstrates our focus on long-term growth, financial efficiency and operational excellence reflecting the hard work of our seagoing personnel, management team and staff.”