Report: Navibulgar Orders Four New Bulkers

zoomIllustration; Image Courtesy: Navibulgar Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) is looking to expand its fleet with four new Handymax bulk carriers. The company has ordered the 42,000 dwt ships at Chinas Chengxi shipyard, Intermodal Shipbrokers data shows. Navibulgar will pay USD 23 million for each of the four newbuildings. The bulkers are expected to be delivered in 2019. World Maritime News contacted Navibulgar for more details on the matter, however, the company is yet to reply. Currently, Navibulgar has a fleet of more than 30 vessels. In addition, the company has four Handy bulk carriers on order at Jiangsu Hongqiang shipyard in China, according to information provided by VesselsValue. World Maritime News Staff