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Safe Bulkers stays in the black despite drydockings

New York-listed dry bulk owner has pushed the last retrofits in a 20-ship scrubber-installation programme into the first quarter of next year as it enjoys a favourable charter market. This is seen as an opportunity to minimise down-time in the current good market conditions

The company remains focused on installing scrubbers on half of the fleet and Safe Bulkers meanwhile put in a profitable quarter despite the down-time of several vessels due to scrubber retrofitting

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