Navibulgar Orders Up to Six Bulkers at Jiangsu Yangzijiang

Business & Finance

Navigation Maritime Bulgare (Navibulgar), Bulgaria’s leading shipowner, has contracted up to six Bluetech 45 handymax bulk carriers from Chinese Jiangsu Yangzijiang Shipbuilding Group Ltd, according to the ship’s designer Bluetech Finland.

The 45,000 DWT ships will have a length of 190 meters, maximum draught of 10.8 m, a large hold volume for its class and an ice class 1C.

“Bluetech bulk carrier designs have the largest hold volume and deadweight and lowest fuel consumption in their class, making them the most eco-friendly on the market,” Bluetech Finland said.

The 4 + 2 order comes after two months since the company last expanded its fleet, ordering four new Handymax bulk carriers in August.

The company booked the 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.

According to the data from VesselsValue, the company has 7 newbuildings, four at Chengxi and three at Jiangsu Hongqiang Marine Heavy Industries, to be delivered by 2020.