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YANZIJIANG YARDS CUT STEEL ON BULKERS

Tuesday, September 18, 2018 

Yanzijiang Shipbuilding cut first steel for a number of bulk carriers this week as the Group looks to strengthen its standing with Panamanian-registered owners in a Mitsui Joint Venture.

Jiangsu New Yangzi Shipbuilding has cut first steel for the first of six 45,000dwt bulk carriers it is building for Navibulgar

These vessels are designed by Finland’s BlueTech and have an overall length of 190m, scantling draught is 10.8m. Built to Ice Class 1C requirements, the energy-efficient bulkers – similar to handysize types – will operate at service speeds of 14kts.

Navibulgar is the leading shipping company in Bulgaria with the history of over 125 years, with a fleet of 47 vessels.

The shipyard has also cut steel for a 82,000dwt bulk carrier for LMZ Shipping and at the Yanzijiang Shipbuilding Group’s Yangzi Xinfu Shipayrd, steel was cut for the bulkers building for Japan’s Great Wave, and CDB Leasing.

Meanwhile, Singapore’s Business Times has reported that Yanzijiang Shipbuilding has agreed to establish a joint venture company in the Republic of Panama with Mitsui & Co, with each taking a 50-50 stake.

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