Wedoany.com Report-Nov. 13, Bulgarian shipowner Navibulgar has placed a new order for bulk carriers at Yangzijiang Shipbuilding, contracting four geared vessels with deliveries scheduled between 2028 and 2029. Shipbuilding sources estimate the 71,000 dwt units at approximately $33.3 million each, marking Navibulgar’s largest newbuilding commitment to date. The first three vessels are expected in 2028, with the fourth following in 2029.

This order continues Navibulgar’s long-standing collaboration with the Singapore-listed Chinese yard, where the company already has a series of 32,000 dwt and 45,000 dwt bulkers under construction, with deliveries set through 2026 and 2027.

Founded in 1892 and headquartered in Varna, Navibulgar operates a diversified fleet of over 45 vessels across the Black Sea, Mediterranean, and Atlantic markets. The company is particularly known for its handysize and handymax bulkers ranging from 22,000 to 48,000 dwt, serving regional and short-sea trades.

The new order reflects Navibulgar’s strategy to expand its fleet with larger bulk carriers to enhance trading capabilities and meet market demand. The 71,000 dwt geared vessels will support flexible operations across multiple markets, complementing the company’s existing fleet of smaller bulkers.

Navibulgar’s continued partnership with Yangzijiang Shipbuilding highlights the importance of established shipyard relationships and proven vessel designs in achieving delivery schedules and operational efficiency. The move also demonstrates confidence in the long-term growth of bulk shipping and regional trade routes.

The deliveries in 2028–2029 will strengthen Navibulgar’s fleet capacity and enable the company to maintain service reliability across its trading routes, particularly in the Black Sea and Mediterranean regions. These vessels are expected to support both bulk commodity transport and regional trade expansion, enhancing operational flexibility.

Overall, the new order underscores Navibulgar’s commitment to fleet modernization and expansion, leveraging trusted shipbuilding partners and standardized vessel designs to optimize performance and maintain competitiveness in the bulk shipping market. The four 71,000 dwt vessels will become key assets in the company’s long-term growth strategy, aligning with its broader objectives of sustaining efficient, reliable, and diversified operations across global and regional trade routes.