Navibulgar of Bulgaria has increased its series of handymax newbuildings in China.

The company said it had added two more 45,000-dwt bulkers to its order at Yangzijiang as it continues to expand its fleet.

The Bluetech 45 vessels are options attached to its July order for four vessels at the yard.

"This constitutes another confident step towards the implementation of Navibulgar’s objective to operate towards the middle of the 2020s its own fleet of 1.5m