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Long Term Debt (Tables)

12 Months Ended

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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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://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

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