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Fair Value of Financial Instruments and Derivatives Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of interest rate swap transactions December 31, 2022. Details of interest rate swap contracts entered into as of December 31, 2021 are presented in the table below:
Notional amount
Counterparty (1)
InceptionExpiryFixed RateDecember 31, 2021December 31, 2022
SAFE BULKERSMarch 4, 2020September 30, 20240.9900 %10,000 — 
SAFE BULKERSMarch 4, 2020September 30, 20240.9000 %10,000 — 
SAFE BULKERSMarch 9, 2020September 30, 20240.8000 %10,000 — 
SAFE BULKERSMarch 10, 2020September 30, 20240.6500 %20,000 — 
SAFE BULKERS (2)
March 30, 2020September 30, 20240.6000 %10,000 — 
SAFE BULKERSMay 5, 2020May 5, 20250.4000 %10,000 — 
SAFE BULKERSJuly 10, 2020May 5, 20250.4000 %10,000 — 
SAFE BULKERSJuly 10, 2020May 5, 20250.3800 %10,000 — 
SAFE BULKERSJuly 14, 2020May 5, 20250.3800 %10,000 — 
SAFE BULKERSJune 4, 2020June 4, 20250.5000 %10,000 — 
SAFE BULKERSJune 11, 2020June 11, 20250.4500 %10,000 — 
SAFE BULKERSJune 15, 2020June 15, 20250.4000 %10,000 — 
SAFE BULKERSJune 30, 2020June 30, 20250.4250 %10,000 — 
SAFE BULKERSJuly 1, 2020July 1, 20250.3800 %10,000 — 
SAFE BULKERSJuly 9, 2020July 9, 20250.3600 %10,000 — 
SAFE BULKERSJuly 16, 2020July 16, 20250.3500 %10,000 — 
SAFE BULKERSJuly 30, 2020July 30, 20250.3300 %10,000 — 
SAFE BULKERSAugust 3, 2020August 3, 20250.3700 %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$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, 2021December 31, 2022December 31, 2021December 31, 2022
Bunker FuelDerivative assets/ Current assets$9 $343 $— $— 
Forward FreightDerivative assets/ Current assets1,139 755 — — 
Interest RateDerivative assets / Non-current assets5,879 — — — 
Foreign CurrencyDerivative assets / Non-current assets— 1,156 — — 
Bunker FuelDerivative liabilities / Current liabilities— — 258 — 
Forward FreightDerivative liabilities / Current liabilities— — 156 — 
Foreign CurrencyDerivative liabilities / Non-current liabilities— — — 307 
Total Derivatives$7,027 $2,254 $414 $307 
Summary of (loss) / gain recognized on derivatives
 Amount of (Loss)/Gain Recognized on Derivatives
Year ended December 31,
 202020212022
Forward Freight$(174)$(3,227)$7,066 
Foreign Currency99 (99)862 
Interest Rate Contracts(1,379)6,474 5,327 
Bunker Fuel Contracts151 (960)(4,532)
Net (Loss)/Gain Recognized$(1,303)$2,188 $8,723 
Schedule of valuation of company's financial instruments The following table summarizes the valuation of the Company’s financial instruments as of December 31, 2021 and December 31, 2022. 
Significant Other Observable Inputs
(Level 2)
December 31, 2021December 31, 2022
Derivative instruments – asset position$7,027 $2,254 
Derivative instruments – liability position414 307