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Safe Bulkers completes five scrubber retrofits

Bulker owner updates scrubber fitting progress as second quarter of the year results dented by market weakness. Another five scrubber installations are scheduled for the third quarter and nine in the fourth quarter of this year, with one set for early 2020

The charter market was weak in the first half of the year, but since then the Baltic Exchange index has surged and Safe Bulkers has been fixing vessels at “much higher rates”

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