Safe Bulkers fleet undergoes scrubber installations, environmental upgrades for 2022

New York-listed Safe Bulkers Inc., an international provider of marine dry-bulk transportation services, on Friday (29 July) said it has installed scrubbers on 18 out of the company’s fleet of 42 vessels. 

According to its unaudited financial results for three and six month periods for 2022, the company had a fleet of 42 vessels of July 22 2022, consisting of 12 Panamax, eight Kamsarmax, 15 Post-Panamax and seven Capes with an aggregate capacity of 4.2 million dwt and average age of 10.5 years. 

It took delivery of one newbuild Kamsarmax class and one second-hand Capesize class vessel during the second quarter of 2022.

The company has also agreed for five further scrubber installations for four of its existing Capesize vessels and for the second-hand Capesize class vessel MV Aghia Sofia, expected to be delivered in August 2022. 

In May 2022, the Company agreed to purchase a 2012-built, Chinese, dry-bulk, 176,000 dwt, Capesize class vessel, to be named MV Aghia Sofia, for USD 31.75 million before commissions. 

The company is also pursuing a vessel upgrade programme during dry-dockings, investing about USD 2.2 million for 2022, which involves environmental upgrades including application of low friction paints and installation of energy saving devices.

The environmental upgrades on the MV Efrossini, MV Pedhoulas Rose, MV Venus Horizon and MV Pelopidas were completed during the first half of 2022, and the firm expects to implement such upgrades during the remainder of this year in the vessels MV Katerina and MV Sophia.

Photo credit: Safe Bulkers
Published: 1 August, 2022