Bulgarian Shipyard Receives Order

Bulgarian shipyard Bulyard Shipbuilding Industry will build three ships for Bulgarian state-owned shipping company Navigation Maritime Bulgare, after inking deals worth a total EUR 88,2 M.

All the ships are bulk cargo ships, according to a statement by Industrial Holding Bulgaria (IHB) to the Bulgarian Stock Exchange, where it is listed.

Two of the ships have a capacity of 55,500 dead weight tonnes each, costing EUR 32,6 M apiece and will have to be delivered by 2011.

The last ship, with a capacity of 21,000 dead weight tonnes that will net Bulyard EUR 23 M, has to be delivered by 2009.