IHB Shipping kicks off fleet renewal with ultramax orders in China

Bulgarian bulker owner IHB Shipping has moved to renew its fleet in a deal with Chinese builder New Dayang for three ultramax newbuilds. The Varna-based unit of Industrial Holding Bulgaria (IHB) should see the vessels delivered from the shipbuilding arm of state-run machinery manufacturer Sumec by end-October 2027 through to end-May 2028. The deal, worth …

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