Filing Details

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO §240.13d-2

(Amendment No. _)*

Safe Bulkers, Inc.

(Name of Issuer)

COMMON STOCK, PAR VALUE $0.001 PER SHARE

(Title of Class of Securities)

Y7388L103
(CUSIP Number)

November 20, 2019
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1 (b)

☒ Rule 13d-1 (c)

☐ Rule 13d-1 (d)

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

1	NAME OF REPORTING PERSON
	Imabari Shipbuilding Co Ltd
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	PANAMA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			0
		6	SHARED VOTING POWER
			5,405,012
		7	SOLE DISPOSITIVE POWER
			0
		8	SHARED DISPOSITIVE POWER
			5,405,012
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	5,405,012
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	☐ Not Applicable.
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
	5.2%*
12	TYPE OF REPORTING PERSON
	OO

^*This calculation is based on 104,566,310 shares of common stock of Safe Bulkers, Inc. outstanding as of November 20, 2019.

SCHEDULE 13G

Item 1.
	(a)	Name of Issuer
		Safe Bulkers, Inc. (the “Issuer”)
	(b)	Address of Issuer’s Principal Executive Offices
		Apt. D11, Les Acanthes 6, Avenue des Citronniers, MC98000 Monaco
Item 2(a).		Name of Person Filing:
		This statement is being filed by Imabari Shipbuilding Co Ltd. The foregoing is referred to as a Reporting Person.
		The Reporting Person may be deemed to directly and beneficially own the Shares (as defined below).
Item 2(b).		Address of Principal Business Office:
Item 2(c).		Citizenship:
		Imabari Shipbuilding Co Ltd 4-52 Koura-cho 1 Chome Imabari, Ehime, 799-2195, Japan Citizenship: Panama
	(d)	Title of Class of Securities
		Common Stock, $.001 par value per share (the “Shares”)
	(e)	CUSIP Number
		Y7388L103
Item 3.		If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
		Not Applicable.
Item 4.		Ownership
		Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially Owned
		See the Cover Pages for each of the Reporting Persons.
	(b)	Percent of Class
		See the Cover Pages for each of the Reporting Persons.
	(c)	Number of shares as to which such person has:
		(i) sole power to vote or to direct the vote
		(ii) shared power to vote or to direct the vote
		(iii) sole power to dispose or to direct the disposition of