Safe Bulkers, Inc. Agrees with Cosco Shipping Heavy Industry Co. Ltd. to Install Alfa Laval PureSOx Scrubbers
Safe Bulkers, Inc ($0.001 par value) (SB)
Last safe bulkers, inc ($0.001 par value) earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
safebulkers.com/invest_stock.htm
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Source: GlobeNewswire
MONACO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has agreed with Cosco Shipping Heavy Industry Co. Ltd., (Cosco), a detailed schedule within 2019 for the installation of Alfa Laval PureSOx scrubbers in about half of the Company’s fleet mainly in medium size vessels, Kamsarmax to Post-Panamax class. More specifically the Company will install scrubbers in five Kamsarmax class vessels, in thirteen Post-Panamax class vessels and in the recently acquired Cape-size class vessel while it maintains an option for an additional scrubber. All preparatory engineering works are in progress targeting to initiate the first installation in second quarter of 2019 and the last installation in the fourth quarter of 2019, opting for having about half of Company’s fleet operated with Heavy Fuel Oil and the other half, consisting mainly of smaller more fuel efficient vessel
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