Navibulgar Exercises Option for Two More Bulkers at Yangzijiang

Navibulgar Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) confirmed the building of another two 45,000t bulk carriers of Bluetech 45 design at Chinese Jiangsu Yangzijiang Shipbuilding Group Ltd.  The deal is a continuation of the contract for 4+2 newbuildings signed in July this year. This constitutes another confident step towards the implementation of Navibulgar’s objective to operate towards the middle of the 2020s its own fleet of 1.5 million tons of average age below 7 years, the company said. The company aims to establish itself as one of the leading shipowners in Europe in the Handy-size bulker sector. In August, the company booked construction of four 42,000 DWT ships at China’s Chengxi shipyard, plus two optional vessels of identical size. Navibulgar has a fleet of over 30 vessels including 26 Handy/Handymax bulk carriers of over 25,000 DWT.