The Company's subsidiaries provide marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of such services.
As of October 26, 2016, the Company's operational fleet comprised of 37 drybulk vessels, with an average age of 6.50 years and an aggregate carrying capacity of 3.3 million dwt. The fleet consists of 14 Panamax class vessels, 8 Kamsarmax class vessels, 12 Post-Panamax class vessels and 3 Capesize class vessels, all built from 2003 onwards.
As of October 26, 2016, the Company had contracted to acquire two additional drybulk newbuild vessels. The newbuild vessels comprise of one Chinese Kamsarmax and one Japanese Kamsarmax class vessels, scheduled for delivery in 2017 and 2018.
The Company's common stock is listed on the NYSE where it trades under the symbol "SB." The Company's preferred stock "Series B" and "Series C" and "Series D" are listed on the NYSE, trading under the symbols "SB.PR.B." and "SB.PR.C." and "SB.PR.D." respectively.