Safe Bulkers Lists on Euronext Athens With EUR 580 Million Market Capitalisation
Dry bulk shipping company Safe Bulkers has listed on Euronext Athens with a market capitalisation of EUR 580 million. It is the first shipping company to be listed on Euronext Athens.
Safe Bulkers, a company operating dry bulk vessels, has completed its listing on the Euronext Athens stock exchange, marking the first shipping company to be admitted to the exchange's regulated market. The company's market capitalisation at the time of listing was approximately EUR 580 million.
The company transports bulk commodities such as iron ore, coal, and grain. CEO Polys Hajioannou stated that the listing reinforces Safe Bulkers' presence in the Greek capital market and supports its strategic objectives. This move is expected to provide enhanced access to capital for future growth and fleet development.
Safe Bulkers has been actively upgrading its fleet, focusing on energy efficiency and emissions reduction technologies. The company aims to improve its environmental performance and operational efficiency through these fleet renewal efforts.
The listing on Euronext Athens is anticipated to increase the company's visibility among European investors and potentially facilitate access to further funding for its ongoing expansion and sustainability initiatives.