Navibulgar Invests in Fleet Expansion

9 August 2010 (Last Updated August 9th, 2010 18:30)

Navigation Maritime Bulgare has acquired two pairs of 37,850dwt and 30,700dwt ships for $115m. The ice-class 1C ships, Rodina and Bulgaria, are equipped with four cranes each and are capable of lifting up to 30t. The other two vessels, Vitosha and Str

Navigation Maritime Bulgare has acquired two pairs of 37,850dwt and 30,700dwt ships for $115m.

The ice-class 1C ships, Rodina and Bulgaria, are equipped with four cranes each and are capable of lifting up to 30t.

The other two vessels, Vitosha and Strandja, have a service speed of 14kt and an operational range of 14,800 nautical miles.

The company is also planning to purchase another four 30,700dwt and two 17,500dwt vessels with an investment of $145m by the end of 2010.

Navibulgar has set a target to purchase 25 ships for $525m in ten years.