Safe Bulkers 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. Safe Bulkers Company's subsidiaries currently own 15 drybulk vessels, with an aggregate carrying capacity of 1,346,900 deadweight tons ("dwt"). The average age of the fleet is 3.80 years as of September 30, 2010. Our fleet currently consists of Panamax, Kamsarmax, Post-Panamax and Capesize class vessels. Seven additional drybulk newbuild vessels have been contracted to be delivered at various times through 2013. Safe Bulkers Company's common stock is listed on the NYSE where it trades under the symbol "SB".

DX Network Services helps businesses bypass the Royal Mail post box to get documents from Point A to Point B. Founded in 1975, the company, which does business as DX Group, offers private business-to-business mail services, including collection, sorting, and last-mile delivery, delivering about 250 million packages each year across the UK and Ireland. It also delivers small packages and provides bulk mail services, delivering more than 1 million items each day. In addition, its DX Document Exchange unit delivers papers and documents to professional, public, and financial services firms. DX Group is owned by investment firm Candover.

Eagle Bulk Shipping Inc. is the largest U.S.-based owner of Handymax dry bulk vessels. This modern fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. We believe that the cargo handling flexibility and cargo carrying capacity of the Supramax class vessels provides a distinct competitive advantage in the dry bulk marketplace. Eagle Bulk’s New York-based management team has, on average, 20 years of experience in the Handymax market. Eagle Bulk Shipping Inc. Company’s low cost structure and stable, medium to long term chartering strategy provide the foundation for growth in the dry bulk shipping market.

CCC Transportation (formerly Commercial Carrier Corporation) transports construction materials and other freight with a fleet of more than 1,000 tractors and 2,000 trailers, including dry vans, dry bulk tankers, and flatbeds. Cargo hauled by the company includes dry bulk commodities (cement, fly ash, ground limestone, lime, and slag), consumer products (beverages, glassware, and paper products), and building materials (concrete products, drywall, and lumber). CCC maintains terminals in Florida, Georgia, and Virginia and provides freight transportation services throughout the southeastern US. The company, which was founded in 1953, is a subsidiary of Comcar Industries.

Established in 1983, Scriptfleet (formerly Network Express) provides scheduled and rush delivery services, primarily for companies in the pharmaceutical and medical industries. It specializes in delivery and distribution management services for pharmacies that serve nursing homes and other long-term care facilities. It also handles shipments such as lab specimens for medical facilities. The former Network Express was acquired by Ace Expediters, a portfolio company of private equity firm Atlantic Street Capital, in March 2009. It is now one of three divisions within Fleetgistics, a company specializing in same-day scheduled route logistics. (The other two divisions are Medifleet and Partsfleet.)

No need to ask why, YRC Regional Transportation knows your delivery needs. The operation is a leading less-than-truckload (LTL) freight hauler comprised of three companies: USF Holland, USF Reddaway, and New Penn Motor Express. (LTL carriers combine freight from multiple shippers into a single truckload.) YRC Regional Transportation companies provide next-day local area delivery and second-day services, hazardous materials handling, and cross-border delivery services between the US and Canada, as well as Mexico and Puerto Rico. As a primary reporting segment of LTL carrier giant YRC Worldwide, the operation maintains a fleet of some 6,655 tractors and 14,600 trailers through a network of 130 service centers.

Abdon Callais Offshore, LLC was founded in 1945 by Abdon Callais, grandfather of president and CEO Peter Callais. The Callais family controls the company; other backers have included private equity firm Stonehenge Capital. Abdon Callais Offshore provides freight and passenger transportation services to the offshore oil and gas industry. Abdon Callais Offshore company operates its fleet of about 75 supply vessels, utility vessels, and crew boats in the Gulf of Mexico, serving coastal, shelf, and deepwater projects. It counts both production companies and service companies among its customers.

ExpressJet Holdings, Inc. was founded in 1996 and is headquartered in Houston, Texas. ExpressJet Holdings, Inc. owns strategic investments in the air transportation industry, and operates various divisions to leverage the assets of its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC. ExpressJet Airlines, Inc. serves 134 scheduled destinations in North America and the Caribbean with approximately 1,045 departures per day. The company has a capacity purchase agreement for Continental Airlines, Inc. (Continental); provides clients with customized 41-seat and 50-seat charter options (www.expressjet.com/charter); and offers third-party aviation services, including airport ground handling, aircraft maintenance, aircraft refurbishment work, and aircraft cleaning. As of December 31, 2009, it operated a fleet of 244 aircraft comprising 214 aircraft for Continental under the capacity purchase agreement, and 30 aircraft for corporate aviation under long-term agreements and other ad-hoc charter service arrangements.

Maersk Line has offices in about 125 countries around the globe. Maersk Line knows how to contain itself. The company, a unit of Denmark-based A.P. Moller - Maersk, is one of the world's leading container shipping companies. Maersk Line maintains a fleet of more than 500 containerships with an overall capacity of about 1.9 million TEU (twenty-foot-equivalent units). In addition, the company arranges ground transportation of containerized freight through affiliate Damco. Maersk Line combines the operations of the former Maersk Sealand and Royal P&O Nedlloyd N.V., which was acquired by A.P. Moller - Maersk in 2005.

Dynamex knows the dynamics of same-day delivery. Dynamex company provides both scheduled and on-demand delivery of time-sensitive items such as medical supplies, financial documents, and office products. It has built its delivery services around a network of ground couriers that focus on intracity deliveries. Most of its drivers are independent contractors; it uses third-party air and ground carriers to fulfill same-day intercity services. Dynamex also supports customers in outsourcing certain logistics functions, including management of dedicated vehicle fleets and facilities -- such as mailrooms and inventory-tracking call centers. In 2010 the company agreed to be acquired by affiliates of Greenbriar Equity.

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