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Bulgarian shipyard Bulyard to build 2 ships for USD 82,2 M

Date: 04.10.2007

Bulgarian shipyard Bulyard Shipbuilding Industry will build two ships for Turkish firm Diler Shipping and Trading Inc, after inking two deals worth a total USD 82,2 M.

The two identical cargo ships will have a capacity of 55,500 dead weight tonnes each, according to a statement by Industrial Holding Bulgaria (IHB) to the Bulgarian Stock Exchange, where it is listed.

IHB owns 61,5% in Bulyard AD, the parent company of Bulyard Shipbuilding Industry.

The first ship has to be delivered by December 2009 and the second one by September 2010.

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