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Navibulgar Orders Three Ships

Maritime Activity Reports, Inc.

August 17, 2007

Navigation Maritime Bulgare (Navibulgar) has signed a contract to built three ships, according to a report on www.sofiaecho.com. According to the report, the three cargo ships will be built by Bulyard-Shipbuilding Industry AD, for delivery in December 2009, September 2011 and January 2012.

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