Safe Bulkers Delays 5 Scrubber Installations Amid Coronavirus Impact
- Mar 01, 2020-
Monaco-based dry bulk shipping company Safe Bulkers has pushed the installation of scrubbers on five of its vessels for the second quarter of the year amid shipyard closures and delays in China caused by the outbreak of the coronavirus.
Namely, shipyards in China, many of which would otherwise be busy with IMO 2020 scrubber retrofitting, have remained closed and declared force majeure in many cases as workers are advised to stay home to curb the outbreak.
An estimated 150 vessels are currently under retrofit at Chinese yards, according to Clarksons.
Until now, Safe Bulkers has completed scrubber retrofits on 15 out of 20 vessels in total. Returns on investment were already visible in 2019 as fuel prices started to jump ahead of the entrance into force of the IMO 2020.