The Greek bulker owner watched net income rise to $21.5m from $19.1m year-on-year as revenues climbed 14% to $47m as a result of an increase in operating days.
The adjusted gain amounted to $0.31 in adjusted earnings per share, a penny higher than equity analysts’ consensus estimate.
Safe ended the period with more than $224.1m in dry powder and said it will cost approximately $186.6m
