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Safe Bulkers Inc

Common Name
Safe Bulkers
Country
Monaco
Sector
Industrials
Industry
Marine Shipping
Employees
10
Ticker
SB
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Safe Bulkers Inc. is a shipping company specializing in international marine drybulk transportation services. It operates a fleet of vessels that transport bulk cargoes such as coal, grain, and iron o...

Safe Bulkers's GHG Emissions Data Preview

In 2024, Safe Bulkers completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources).

However, Safe Bulkers has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
861,985a
857,973a
858,685a
Total Scope 2
Market-Based
N/AN/AN/A
Location-Based
N/AN/AN/A
Total Scope 3
N/AN/AN/A
Total Scope 1 Revenue Intensity (tCO2e/$M)
2,801.9913a
3,016.7721a
2,455.364a
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Verified Sources Behind Safe Bulkers’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Safe Bulkers's Sustainability Report 2024

Insights into Safe Bulkers's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Safe Bulkers amounted to 861,985 metric tons of CO2 equivalent. This figure reflects direct emissions from owned or controlled sources (Scope 1).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Safe Bulkers increased by 0.47%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Safe Bulkers's Scope 1 Emissions Over Time

202020212022202320240250 k500 k750 k1 MtCO2e-15%+16%0%0%
  • Total Scope 1
  • Year-over-Year Change

What are Safe Bulkers's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Safe Bulkers were 861,985 metric tons of CO₂ equivalent (tCO₂e).a

Has Safe Bulkers reduced its Scope 1 emissions over time?

Since 2020, Safe Bulkers's Scope 1 emissions have remained relatively, stable, indicating that Safe Bulkers's emissions have plateaued with no significant change in its operational footprint.a

Compared to the previous year (2023), Safe Bulkers's Scope 1 emissions remained relatively stable, indicating that Safe Bulkers's emissions have plateaued with no significant change in its operational footprint.a

Insights into Safe Bulkers’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Safe Bulkers reported Scope 1 greenhouse gas (GHG) emissions of 861,985 tCO₂e and total revenues of USD 308 millions. This translates into an emissions intensity of 2,801.99 tCO₂e per millions USD.a

Safe Bulkers's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,00010,000,000200,000,000Scope 1 Emissions (tCO2e)505002,00020,000200,000Revenues (Millions of USD)Qingdao Port InternationalYear: 2024Scope 1: 134,823 tCO2eRevenue: $M 2,595Scope 1 Intensity: 51.95 tCO2e/$MChina Merchants Port GroupYear: 2024Scope 1: 103,992 tCO2eRevenue: $M 2,210Scope 1 Intensity: 47.05 tCO2e/$MChina Merchants Port HoldingsYear: 2024Scope 1: 63,676 tCO2eRevenue: $M 1,525Scope 1 Intensity: 41.76 tCO2e/$MSITC International HoldingsYear: 2024Scope 1: 1,701,433 tCO2eRevenue: $M 3,058Scope 1 Intensity: 556.38 tCO2e/$MMitsui O.S.K. LinesYear: 2024Scope 1: 10,428,320 tCO2eRevenue: $M 10,750Scope 1 Intensity: 970.12 tCO2e/$MOrient Overseas (International)Year: 2024Scope 1: 6,922,800 tCO2eRevenue: $M 10,702Scope 1 Intensity: 646.87 tCO2e/$MHMMYear: 2024Scope 1: 5,993,765 tCO2eRevenue: $M 7,973Scope 1 Intensity: 751.71 tCO2e/$MNippon Yusen KKYear: 2024Scope 1: 11,140,236 tCO2eRevenue: $M 15,764Scope 1 Intensity: 706.71 tCO2e/$MEvergreen Marine Corp TaiwanYear: 2024Scope 1: 11,812,727 tCO2eRevenue: $M 14,151Scope 1 Intensity: 834.79 tCO2e/$MShanghai International Port GroupYear: 2024Scope 1: 858,825 tCO2eRevenue: $M 5,223Scope 1 Intensity: 164.44 tCO2e/$MHapag-LloydYear: 2025Scope 1: 16,057,223 tCO2eRevenue: $M 21,906Scope 1 Intensity: 733.01 tCO2e/$MCOSCO Shipping HoldingsYear: 2024Scope 1: 21,964,626 tCO2eRevenue: $M 32,044Scope 1 Intensity: 685.46 tCO2e/$MAP Moeller - MaerskYear: 2025Scope 1: 33,953,000 tCO2eRevenue: $M 53,988Scope 1 Intensity: 628.90 tCO2e/$MAPSEZYear: 2025Scope 1: 150,398 tCO2eRevenue: $M 3,567Scope 1 Intensity: 42.17 tCO2e/$MViking Line AbpYear: 2025Scope 1: 231,543 tCO2eRevenue: $M 565Scope 1 Intensity: 409.54 tCO2e/$MTallink GruppYear: 2025Scope 1: 419,371 tCO2eRevenue: $M 900Scope 1 Intensity: 466.11 tCO2e/$MLog-in Logistica IntermodalYear: 2022Scope 1: 142,985 tCO2eRevenue: $M 391Scope 1 Intensity: 365.55 tCO2e/$MDFDSYear: 2025Scope 1: 2,491,000 tCO2eRevenue: $M 4,871Scope 1 Intensity: 511.39 tCO2e/$MDiana ShippingYear: 2024Scope 1: 859,703 tCO2eRevenue: $M 228Scope 1 Intensity: 3,767.17 tCO2e/$MPrecious ShippingYear: 2023Scope 1: 10,815 tCO2eRevenue: $M 148Scope 1 Intensity: 73.02 tCO2e/$MWilsonYear: 2024Scope 1: 387,191 tCO2eRevenue: $M 413Scope 1 Intensity: 937.54 tCO2e/$MSolstad OffshoreYear: 2025Scope 1: 156,564 tCO2eRevenue: $M 290Scope 1 Intensity: 539.23 tCO2e/$MSincere NavigationYear: 2024Scope 1: 307,373 tCO2eRevenue: $M 135Scope 1 Intensity: 2,282.21 tCO2e/$Md'Amico International ShippingYear: 2025Scope 1: 247,302 tCO2eRevenue: $M 351Scope 1 Intensity: 703.76 tCO2e/$MCostamareYear: 2024Scope 1: 6,377,604 tCO2eRevenue: $M 2,084Scope 1 Intensity: 3,060.43 tCO2e/$MSafe BulkersYear: 2024Scope 1: 861,985 tCO2eRevenue: $M 308Scope 1 Intensity: 2,801.99 tCO2e/$M

How does Safe Bulkers's GHG emissions intensity compare to its peers?

In 2024, Safe Bulkers reported a Scope 1 emissions intensity of 2,801.99 tCO₂e per millions USD. Compared to the peer group median of 628.9, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Safe Bulkers rank on GHG emissions intensity within its industry?

In 2024, Safe Bulkers ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Safe Bulkers among the least efficient performers, with one of the highest emissions intensities in its sector.a

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