Bulyard wins two-ship order

The new shipbuilding consortium Bulyard and Cyprus-registered Bulcon have signed a letter of intent for one 9,300DWT and one 42,000DWT general cargo ships worth $35 million.

In May, Bulgarian shipping company Navigation Maritime Bulgare (NMB) and Bulyard signed their first mutual contracts for the building of 3 ships valued at $70 million for delivery in two years. The company is also expected to start discussions for an order for a 43,000DWT vessel from Germany’s Schepers.