Safe Bulkers Inc. Strengthens Future Investments With 5th Annual Scholarship Awards

by THEFUTURE.TEAM

October 28, 2025

Commitment to Education and Social Responsibility

Safe Bulkers Inc., a New York Stock Exchange-listed maritime company, reaffirmed its long-standing dedication to education and social responsibility during its 5th annual scholarship award ceremony. Headed by CEO Polys Hajioannou and hosted at the company’s Limassol offices, the event underscored the company’s robust investment in nurturing talent within the maritime and technical sectors.

A Proven Legacy of Academic Excellence

Now in its fifth year, the Safe Bulkers Scholarship Programme has established itself as a renowned institution in Cyprus. The initiative is designed to support young scholars pursuing higher education in strategically important fields such as Naval Architecture, Ship Engineering, Mechanical and Electrical Engineering, Informatics, Cybersecurity, Artificial Intelligence, and Data Science. The programme also covers Maritime Law, Shipping, Trade, and Finance, thereby addressing a wide spectrum of industry needs.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Rigorous Selection and Impactful Rewards

The recent award ceremony witnessed the attendance of influential figures including Zoe Polydorou, First Education Officer and District Inspector of Limassol, Yiannis Armeftis, Mayor of Limassol, and Yiannis Tsouloftas, Head of the Limassol EOA. For the 2025–2026 academic year, a stringent evaluation process led to the selection of ten outstanding students who met all academic and social criteria. Each awardee received a €10,000 scholarship, enabling them to pursue undergraduate or postgraduate studies at prestigious universities both in Greece and internationally.

Bolstering ESG Principles Through Education

Reflecting Safe Bulkers’ commitment to Environmental and Social Governance (ESG), the initiative emphasizes sustainable support for youth development and academic excellence. As the company stated, “It is our great honour to support students in their journey of knowledge and development.” The awards ceremony not only celebrated academic achievements but also set the stage for continued success and creative prospects among future industry leaders.

The Future Forbes Realty Global Properties

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

Breaking news