Navibulgar Orders Up to Six Bulkers

This deal is a continuation of the contract for four + two newbuildings of DWT 45 000 t, signed in July this year with one of China’s three largest shipyards. According to local press reports the Chinese yard is Jiangsu Yangzijiang Shipbuilding. 

The order constitutes another step toward the implementation of Navibulgar’s objective to operate toward the middle of the 2020s its own fleet of 1.5 million tons of average age below seven years. 

The ambition of the company’s management is to establish Navibulgar as one of the leading shipowners in Europe in the sector of Handysize bulk carriers.

Navibulgar has a fleet of more than 30 vessels including 26 Handy/Handymax bulk carriers of over 25,000 DWT.