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Long Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Debt | Long term debt is comprised of the following borrowings:
|  |  |  |  |  | December 31,
Borrower |  | Commencement |  | Maturity |  | 2018 |  | 2019
Safe Bulkers |  | November 2018 |  | October 2021 |  | 30,000 |  |  | 27,500 |
Maxdeka |  | August 2011 |  | November 2019 |  | 13,635 |  |  | — |
Shikoku |  | October 2011 |  | November 2019 |  | 18,667 |  |  | — |
Maxdekatria |  | July 2018 |  | January 2020 |  | 11,750 |  |  | 10,250 |
Glovertwo |  | July 2018 |  | November 2019 |  | 13,420 |  |  | — |
Shikokutessera |  | July 2018 |  | November 2019 |  | 14,430 |  |  | — |
Gloversix - Shikokuokto |  | December 2018 |  | December 2019 |  | 35,000 |  |  | — |
Safe Bulkers |  | April 2019 |  | March 2022 |  | — |  |  | 10,000 |
Maxtessera |  | November 2018 |  | October 2022 |  | 26,000 |  |  | 24,000 |
Shikokupente - Shikokuennia - Pemer - Petra |  | July 2019 |  | January 2023 |  | — |  |  | 10,000 |
Shikokupente |  | August 2018 |  | August 2023 |  | 14,930 |  |  | 13,455 |
Shikokuennia |  | October 2018 |  | October 2023 |  | 17,730 |  |  | 15,267 |
Petra |  | November 2018 |  | November 2023 |  | 9,075 |  |  | 7,343 |
Pemer |  | November 2018 |  | November 2023 |  | 9,075 |  |  | 7,343 |
Maxeikosiepta |  | December 2018 |  | December 2023 |  | 5,000 |  |  | 4,500 |
Shikokuepta |  | February 2016 |  | February 2024 |  | 20,417 |  |  | 18,783 |
Pentakomo |  | July 2018 |  | January 2020 |  | 11,750 |  |  | 10,250 |
Avstes |  | June 2019 |  | May 2024 |  | — |  |  | 6,190 |
Maxeikositria |  | September 2017 |  | August 2024 |  | 11,930 |  |  | 11,239 |
Maxeikosi |  | September 2017 |  | August 2024 |  | 11,930 |  |  | 11,239 |
Maxpente |  | September 2017 |  | August 2024 |  | 17,400 |  |  | 16,750 |
Maxeikositessera |  | September 2017 |  | August 2024 |  | 12,090 |  |  | 11,700 |
Maxenteka |  | September 2017 |  | August 2024 |  | 14,332 |  |  | 13,934 |
Maxeikosiexi |  | September 2015 |  | September 2024 |  | 5,248 |  |  | 5,186 |
Marathassa |  | September 2015 |  | September 2024 |  | 5,690 |  |  | 5,622 |
Marinouki |  | September 2015 |  | September 2024 |  | 8,590 |  |  | 8,487 |
Kerasies |  | September 2015 |  | September 2024 |  | 6,014 |  |  | 5,942 |
Soffive |  | September 2015 |  | September 2024 |  | 9,305 |  |  | 9,193 |
Eptaprohi |  | September 2015 |  | September 2024 |  | 43,818 |  |  | 43,294 |
Safe Bulkers |  | November 2014 |  | September 2024 |  | 118,925 |  |  | 86,504 |
Pelea - Vasstwo - Eniaprohi - Vassone |  | December 2018 |  | December 2024 |  | 20,075 |  |  | 44,750 |
Maxdeka |  | November 2019 |  | August 2025 |  | — |  |  | 21,020 |
Shikoku Friendship |  | November 2019 |  | August 2025 |  | — |  |  | 22,111 |
Shikokutessera |  | November 2019 |  | August 2025 |  | — |  |  | 21,459 |
Glovertwo |  | November 2019 |  | August 2025 |  | — |  |  | 20,209 |
Maxeikosiena |  | September 2015 |  | September 2025 |  | 20,314 |  |  | 19,292 |
Youngtwo |  | January 2017 |  | January 2027 |  | 23,039 |  |  | 22,207 |
Shikokuokto |  | December 2019 |  | December 2027 |  | — |  |  | 20,000 |
Gloversix |  | December 2019 |  | December 2027 |  | — |  |  | 20,800 |
Total |  |  |  |  |  | 579,579 |  |  | 605,819 |
Current portion of Long-term debt |  |  |  |  |  | 37,431 |  |  | 65,473 |
Long-term debt |  |  |  |  |  | 542,148 |  |  | 540,346 |
Total debt |  |  |  |  |  | 579,579 |  |  | 605,819 |
Current portion of deferred financing costs |  |  |  |  |  | 1,246 |  |  | 1,419 |
Deferred financing costs non-current |  |  |  |  |  | 3,640 |  |  | 3,351 |
Total deferred financing costs |  |  |  |  |  | 4,886 |  |  | 4,770 |
Total debt |  |  |  |  |  | 579,579 |  |  | 605,819 |
Less: Total deferred financing costs |  |  |  |  |  | 4,886 |  |  | 4,770 |
Total debt, net of deferred financing costs |  |  |  |  |  | 574,693 |  |  | 601,049 |
Less: Current portion of long-term debt, net of current portion of deferred financing costs |  |  |  |  |  | 36,185 |  |  | 64,054 |
Long-term debt, net of deferred financing costs, non-current |  |  |  |  |  | 538,508 |  |  | 536,995 |
Schedule of Maturities of Long-term Debt | The estimated minimum annual principal payments required to be made after December 31, 2019, based on the loan and credit facility agreements as amended, are as follows:
To December 31, |
2020 | $ | 65,473 |
2021 | 90,681 |
2022 | 89,123 |
2023 | 77,538 |
2024 | 189,896 |
2025 and thereafter | 93,108 |
Total | $ | 605,819 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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