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Safe Bulkers agrees with COSCO to install Alfa Laval PureSOx scrubbers

Logistic News - Published on Thu, 13 Sep 2018

Image Source: tinn.ir
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced 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 vessels, with compliant low sulfur fuels.

Minimization of down time is expected to be achieved through: i) prefabrication of piping and foundation, ii) selection of shipyard with track record in the specific system, iii) installation in group of sister vessels which will permit shorter times after the lead vessel and iv) installation for ten vessels, during their scheduled dry-docking in 2019 which is part of their special survey. Contractually, the expected down time for scrubber installation is 32 days for the first vessel and 30 days for the remaining vessels, while the down time during a scheduled dry docking as part of special survey is about 15 to 20 days. During the same period ERMA First Ballast Water Treatment System (BWTS) will also be installed, achieving full compliance with IMO regulation Marpol Annex VI, as well as with Ballast Water Management Convention and EPA regulation for Ballast Water Treatment Systems.

The scrubber and the related expenditure for prefabrication and installation is expected to be in aggregate of about $2.0 million per medium size vessel. This investment will be financed from cash on hand and additional debt.

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Posted By : Nanda Koijam on Thu, 13 Sep 2018
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