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Bank Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Debt

Bank debt is comprised of the following secured borrowings:

						December 31,
Borrower		Commencement		Maturity		2017				2018
Maxdekatria		February 2016		July 2018		$	9,167			$	—
Glovertwo		February 2016		July 2018		12,833				—
Shikokutessera		February 2016		July 2018		14,667				—
Youngone		September 2015		August 2018		22,733				—
Petra		June 2015		December 2018		18,024				—
Pemer		June 2015		December 2018		18,024				—
Maxtessera		July 2014		November 2018		28,000				—
Shikokuokto		June 2015		December 2018		15,018				—
Safe Bulkers		November 2018		October 2021		—				30,000
Maxtessera		November 2018		October 2022		—				26,000
Maxdeka		August 2011		December 2022		17,044				13,635
Shikokupente		August 2018		August 2023		—				14,930
Shikoku		October 2011		August 2023		22,400				18,667
Shikokuennia		October 2018		October 2023		—				17,730
Petra		November 2018		November 2023		—				9,075
Pemer		November 2018		November 2023		—				9,075
Maxeikosiepta		December 2018		December 2023		—				5,000
Shikokuepta		February 2016		February 2024		22,050				20,417
Maxdekatria		July 2018		February 2024		—				11,750
Glovertwo		July 2018		February 2024		—				13,420
Shikokutessera		July 2018		February 2024		—				14,430
Pentakomo		July 2018		February 2024		—				11,750
Maxeikositria		September 2017		August 2024		12,968				11,930
Maxeikosi		September 2017		August 2024		12,968				11,930
Maxpente		September 2017		August 2024		20,000				17,400
Maxeikositessera		September 2017		August 2024		13,650				12,090
Maxenteka		September 2017		August 2024		15,925				14,332
Maxeikosiexi		September 2015		September 2024		6,063				5,248
Marathassa		September 2015		September 2024		6,545				5,690
Marinouki		September 2015		September 2024		9,904				8,590
Kerasies		September 2015		September 2024		6,918				6,014
Soffive		September 2015		September 2024		10,757				9,305
Eptaprohi		September 2015		September 2024		50,518				43,818
Safe Bulkers		November 2014		September 2024		160,527				118,925
Pelea - Vasstwo		December 2018		December 2024		—				20,075
Maxeikosiena		September 2015		September 2025		21,271				20,314
Gloversix - Shikokuokto		December 2018		December 2025		—				35,000
Youngtwo		January 2017		January 2027		23,817				23,039
Total						571,791				579,579
Current portion of Long-term debt						26,583				37,431
Long-term debt						545,208				542,148

Total debt						571,791				579,579
Current portion of deferred financing costs						995				1,246
Deferred financing costs non-current						3,392				3,640
Total deferred financing costs						4,387				4,886
Total debt						571,791				579,579
Less:  Total deferred financing costs						4,387				4,886
Total debt, net of deferred financing costs						567,404				574,693
Less:  Current portion of long-term debt, net of current portion of deferred financing costs						25,588				36,185
Long-term debt, net of deferred financing costs, non-current						541,816				538,508

Schedule of Maturities of Long-term Debt

The estimated minimum annual principal payments required to be made after December 31, 2018, based on the loan and credit facility agreements as amended, are as follows:

To December 31,
2019	$	37,431
2020	62,864
2021	81,516
2022	83,118
2023	72,280
2024 and thereafter	242,370
Total	$	579,579

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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