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 February 5, 2016, the Company's operational fleet comprised of 37 drybulk vessels two of which have been agreed to be sold, with an average age of 6.1 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 February 5, 2016, the Company had contracted to acquire six eco-design newbuild vessels. The newbuild vessels comprising two Japanese Panamax class vessels, one Japanese Post-Panamax class vessel, two Japanese Kamsarmax class vessels (one of which is under negotiations to be novated) and one Chinese Kamsarmax class vessel have been contracted to be delivered at various times through 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.