the IMO 2020 rule with scrubbers at the forefront of its compliance solution.
its fleet, having decided to compete for such vessels on the basis of the price
differential between the compliant fuels and the 3.5% sulfur content heavy fuel
basis of fuel consumption by using compliant fuels, Safe Bulkers is progressing
with preparation and ship implementation plans for a smooth and timely
transition to the new fuels.
installing scrubbers in approximately half of our fleet during 2019 in anticipation
of the effectiveness of the IMO sulphur cap regulations in 2020,” Dr.
Loukas Barmparis, President of Safe Bulkers, said.
in each of our vessels. Overall, we remain confident that our company is well
positioned ahead of the uncertainties and opportunities presented by the
current operating environment.”
vessels for the prevention of sea and air pollution, and it is in the process
of obtaining such class notation for the remaining two units.
delivered a net income of USD 5.4 million compared to USD 6 million reported in
the same quarter a year earlier.
reported in the same period in 2018, mainly as a result of an increase in the
average number of vessels.
market amid trade-war concerns, disruption of trade patterns due to natural
disasters and seasonality inherent in the industry,” Barmparis