Safe Bulkers expands access to investors with listing in Athens

The Greek dry bulk shipping company Safe Bulkers has overcome the final regulatory hurdles for a dual listing of its shares on Euronext Athens, marking another step in the company's efforts to expand access to European investors.

The company, whose shares are listed on the New York Stock Exchange, announced that Euronext Athens has confirmed the fulfillment of all requirements for the admission of its common shares, pending the approval of the prospectus by the Hellenic Capital Market Commission (HCMC).

The HCMC approved the prospectus on May 27, paving the way for trading of Safe Bulkers shares on the Greek market to begin on June 2.

The company, led by Polys Hajioannou, stated that the dual listing will help broaden access to institutional investors active in the European market, improve trading liquidity, and enhance the company's profile in the maritime sector.

Safe Bulkers has been trading on the New York Stock Exchange since May 2008 and currently operates a fleet of 45 dry bulk vessels, with an order for 11 new ships totaling approximately 1 million dwt in capacity.

The company noted that the listing in Athens will complement its existing presence in the U.S. and allow for stronger relationships with European investors. Piraeus Bank acted as the listing advisor, while Potamitis Vekris served as Greek legal counsel and White & Case as global legal counsel.

The listing also comes at a significant moment for the Greek capital market following the transformation of the former Athens Stock Exchange into Euronext Athens earlier this year.

The rebranding followed Euronext's acquisition of a controlling stake (74%) in Hellenic Exchanges at the end of 2025, bringing Greece into the largest network of stock exchanges in Europe alongside markets in Paris, Amsterdam, Milan, Oslo, Brussels, Dublin, and Lisbon.

Euronext stated that the integration provides Greek listed companies with access to a broader international pool of investors and greater liquidity covering over 1,800 registered companies across Europe. For shipping companies, the expanded platform can offer greater visibility at a time when several Greek owners are seeking to diversify funding sources beyond traditional American investments and bank financing.