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Fair Value of Financial Instruments and Derivatives Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Interest Rate Swap Transactions Details of interest rate swap transactions entered into as of December 31, 2021 are presented in the table below:
Notional amount
Counterparty (1)
InceptionExpiryFixed RateDecember 31, 2020December 31, 2021
SHIKOKUPENTE (2)
August 3, 2020August 1, 20230.2750 %12,927 — 
SHIKOKUENNIA (2)
July 20, 2020October 20, 20230.3500 %14,385 — 
MAXPENTESeptember 21, 2020August 27, 20240.3220 %10,150 — 
MAXENTEKASeptember 21, 2020August 27, 20240.3220 %9,500 — 
MAXEIKOSITESSERASeptember 21, 2020August 27, 20240.3220 %7,350 — 
SAFE BULKERSMarch 4, 2020September 30, 20240.9900 %10,000 10,000 
SAFE BULKERSMarch 4, 2020September 30, 20240.9000 %10,000 10,000 
SAFE BULKERSMarch 9, 2020September 30, 20240.8000 %10,000 10,000 
SAFE BULKERSMarch 10, 2020September 30, 20240.6500 %20,000 20,000 
SAFE BULKERS (2)
March 30, 2020September 30, 20240.6000 %10,000 10,000 
SAFE BULKERSMay 5, 2020May 5, 20250.4000 %10,000 10,000 
SAFE BULKERSJuly 10, 2020May 5, 20250.4000 %10,000 10,000 
SAFE BULKERSJuly 10, 2020May 5, 20250.3800 %10,000 10,000 
SAFE BULKERSJuly 14, 2020May 5, 20250.3800 %10,000 10,000 
SAFE BULKERSJune 4, 2020June 4, 20250.5000 %10,000 10,000 
SAFE BULKERSJune 11, 2020June 11, 20250.4500 %10,000 10,000 
SAFE BULKERSJune 15, 2020June 15, 20250.4000 %10,000 10,000 
SAFE BULKERSJune 30, 2020June 30, 20250.4250 %10,000 10,000 
SAFE BULKERSJuly 1, 2020July 1, 20250.3800 %10,000 10,000 
SAFE BULKERSJuly 9, 2020July 9, 20250.3600 %10,000 10,000 
SAFE BULKERSJuly 16, 2020July 16, 20250.3500 %10,000 10,000 
SAFE BULKERSJuly 30, 2020July 30, 20250.3300 %10,000 10,000 
SAFE BULKERSAugust 3, 2020August 3, 20250.3700 %10,000 10,000 
SAFE BULKERSFebruary 22, 2021December 31, 20250.7450 %— 30,000 
SAFE BULKERSMay 10, 2021May 11, 20260.9500 %— 50,000 
SAFE BULKERSJuly 21, 2021July 21, 20260.8290 %— 10,000 
SAFE BULKERSJuly 22, 2021July 22, 20260.7700 %— 20,000 
Total$244,312 $300,000 

(1) Under all above swap transactions, the counterparty bank effects quarterly floating-rate payments to the Company for the relevant amount based on the three-month USD LIBOR, and the Company effects quarterly payments to the bank on the relevant amount at the respective fixed rates.
(2) The notional amounts of the above transactions are reduced during the term of the swap transactions based on the expected principal outstanding under the respective facility.
Schedule of Derivatives Not Designated as Hedging Instruments
Information on the location and amounts of derivative fair values in the consolidated balance sheets and derivative gains/losses in the consolidated statements of operations are shown below:

Derivatives not designated as hedging instruments
 
  Asset Derivatives
Fair Values		Liability Derivatives
Fair Values
Type of
Contract		Balance sheet locationDecember 31, 2020December 31, 2021December 31, 2020December 31, 2021
Foreign CurrencyDerivative assets / Current assets$99 $— $— $— 
Bunker FuelDerivative assets/ Current assets— 9 — — 
Forward FreightDerivative assets/ Current assets— 1,139 — — 
Interest RateDerivative assets / Non-current assets54 5,879 — — 
Bunker FuelDerivative liabilities / Current liabilities— — 408 258 
Forward FreightDerivative liabilities / Current liabilities— — 174 156 
Bunker FuelDerivative liabilities / Non-current liabilities— — 116 — 
Interest RateDerivative liabilities / Non-current liabilities— — 1,280 — 
Total Derivatives$153 $7,027 $1,978 $414 
Summary of (Loss) / Gain Recognized on Derivatives
 Amount of Gain/(Loss) Recognized on Derivatives
Year ended December 31,
 201920202021
Forward Freight   $(174)$(3,227)
Foreign Currency— 99 (99)
Interest Rate Contracts— (1,379)6,474 
Bunker Fuel Contracts(121)151 (960)
Net (Loss)/Gain Recognized$(121)$(1,303)$2,188 
Schedule of Valuation of Company's Financial Instruments The following table summarizes the valuation of the Company’s financial instruments as of December 31, 2020 and December 31, 2021. 
Significant Other Observable Inputs
(Level 2)
December 31,
December 31, 2020December 31, 2021
Derivative instruments – asset position$153 $7,027 
Derivative instruments – liability position1,978 414