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SAFE BULKERS TO INSTALL PURESOX TO HALF ITS FLEET

Thursday, September 13, 2018 

Monaco-based Safe Bulkers has inked a deal with COSCO Shipping Heavy Industry to install Alfa Lavalís PureSOx scrubbers to half the companyís fleet, mainly to medium sized vessels in the Kamsarmax to Post-Panamax class.

COSCO will install the scrubbers to five HFO-operating Kamsarmax vessels, 13 Post-Panamax vessels and a recently acquired Capesize. This also includes an option for an additional scrubber. All preparatory engineering works are in progress with installations scheduled for completion in the last quarter 2019.

The shipowner expects to minimise vessel down time through prefabrication and pipework, the selection of a shipyard with track record in the PureSOx system, installation to a group of sister vessels which will permit shorter times after the lead vessel, and installation to ten vessels, during scheduled drydockings in 2019.

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.

The scrubber and the related costs for prefabrication and installation is expected to be about US$2 million per vessel.

Loukas Barmparis, Safe Bulkers President commented: “The retrofit of scrubbers is a demanding job involving the selection of reliable and durable equipment from manufacturer with extensive track record, detailed engineering studies and high quality of installation which should lead to reliable operations for years to come. Our technical department has worked extensively in all those areas in order to make possible the timely delivery at the required standards, within the budgeted costs for nineteen vessels with scrubbers within 2019, minimizing the down time. We are happy to cooperate with COSCO and Alfa Laval for this project and we believe that we will enjoy a short pay-back period for this investment based on price differential between HFO and compliant fuels after January 1st, 2020.”

The rest of the Safe Bulker’s fleet consists of smaller more fuel-efficient vessels with compliant low sulphur fuels.

During the same period Safe Bulkers will install the ERMA First ballast water treatment system, the United States Coast Guard approved, full flow electrolysis system which has already been successfully installed in four of Safe Bulkers’ vessels. Four more BWTS installations are expected to be concluded during scheduled drydockings this year.

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