Bulker owner Navibulgar has returned to Yangzijiang Shipbuilding for more newbuildings, signing up for a series of handymax vessels worth $132m.
Shipbuilding sources said the Bulgarian shipowner has ordered four 45,000-dwt newbuildings to be delivered in 2024.
Navibulgar is said to be paying around $33m for each bulker, which will be built to comply with Phase 3 standards of the Energy Efficiency Design Index (EEDI).
