Bulgarian owner Navibulgar has signed an agreement with China’s policy bank China Exim Bank for the financing of six newbuild bulk carriers.
Navibulgar placed an order for six 45,000 dwt handy bulkers at Yangzijiang Shipbuilding in October last year. The order includes four firm vessels and two optional vessels.
China Exim Bank will provide $94.017m in total to finance the six vessels.
The first four vessels are scheduled for delivery in 2019 and 2020 and to be named Midzhur, Plana, Malyovitsa and Buzludzha respectively.
Navibulgar is Bulgaria’s leading shipowner, operating a fleet of over 30 bulkers. The company is set to take delivery of two 42,300 dwt handy bulkers from Jiangsu Hongqiang Heavy Industry this year.