Navibulgar splashes on eco-bulkers

Bulgaria’s Navibulgar has kicked off its fleet renewal with an investment in new super-sized eco-handysizes in China.

Finnish designer Foreship Bluetech said the company has contracted four firm 42,300-dwt bulkers at Hongqiang Shipyard in China, with two options attached.

No price or delivery dates have been revealed, but Foreship said its Bluetech 42 design offers a hold volume that is 15% bigger than similar competitor ships, plus a deadweight higher by between 5% and 9%.

Reduced fuel consumption is particularly noticeable during slow steaming, it added.

The Bulgarian owner is listed as having 37 vessels, but none newer than 2012.

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