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Safe Bulkers, Inc. Enters Into Scrubber Service Agreement With Alfa Laval; Terms Not Disclosed

Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company has entered into a Service Agreement (the

Benzinga · 01/09/2020 14:16

Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company has entered into a Service Agreement (the "Agreement") with Alfa Laval to minimize down time, enhance regulatory compliance and safeguard scrubber performance over the life-time of the vessel. The Agreement provides for a flat yearly fee, lifecycle-oriented services from the Alfa Laval PureSOx 360° Service Portfolio, including remote monitoring of scrubber performance through connectivity module, service kits, minimum inventory of genuine Alfa Laval spares parts on board and ashore for remote trouble-shooting and sensor calibration by exchange. In addition, the Agreement provides for training of Company's crew members and superintendents at the Alfa Laval PureSox training center in Shaghai, China.