30MAY2019 - NEWS - Safe Bulkers ready for IMO 2020

we are preparing for the global 0.5% sulfur cap on marine fuels that will come into effect on January 1, 2020 (the “IMO 2020”). In connection therewith, we are installing exhaust gas cleaning devices (“Scrubbers”) in almost half of our 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 Oil. For our remaining fleet that we have decided to compete on the basis of fuel consumption by using compliant fuels, and we are progressing with preparation and ship implementation plans for a smooth and timely transition to the new fuels.

Published by Editor - www.Livebunkers.com at 30-May-2019 02:15:40 [UTC] , contact editor at editor@livebunkers.com