On the morning of August 17th, the naming ceremony of the sixth 45000 DWT bulk carrier built by our Group for the Bulgarian Ship Owner Navigation Maritime Bulgar was held in Jiangsu New Yangtzi Shipbuilding Co., Ltd. with the attendance of the sponsor Ms. Cai Yefei, Mr. Dimitar tonev, New Shipbuilding Manager of Bulgaria National Shipping Company, Ma Zhen, Assistant Director of Project Insurance Business Department of China SINOSURE Jiangsu Branch, Mr. Luo Weibo, Senior Manager of Transportation Financing Department of Export Import Bank of China, and Mr. Ji Hongfei, Deputy General Manager of Jiangsu New Yangzi Shipbuilding Co., Ltd. 

The sponsor Ms. Cai Yefei cut off the string, broke the champagne, and named the new ship "OKOLCHITSA ". She expressed her sincere gratitude to all those who built the ship and worked hard to ensure its smooth delivery.

The Sponsor Ms. Cai Yefei and her guests went on board to visit the ship and sounded the whistle to bless the new ship and the sailors on board a smooth sailing in the future and bring wealth to the shipowners.

In the afternoon of that day, under the joint witness of representatives of all parties, Mr. Dimitar tonev, New Shipbuilding Manager of Shipowner Company, Mr. Du Chengzhong and Mr. Zhang Tao, Deputy General Managers of our Group, signed the delivery documents on behalf of each party respectively, and NAVIBULARr 45000DWT Bulk Carrier " OKOLCHITSA " was successfully delivered." OKOLCHITSA " is scheduled to sail to South Korea on the morning of the August 19th to receive the first batch of goods.

With the delivery of " OKOLCHITSA ", the project of six(6) 45000 DWT Bulk Carriers built by our company for the Bulgarian ship owner NAVIBULGAR has been successfully completed. Export credit guarantee is provided by China Export Credit Insurance Corporation and financing support is provided by Export Import Bank of China. Both parties have played an important role in the smooth progress of the project.

The cooperation between our company and the Bulgarian ship owner NAVIBULGAR started in 2017, and the project of six(6) 45000 DWT Bulk Carriers was concluded, which is a fruitful result of the friendly cooperation between the two sides. Following that, the new project between two parties, Four(4 ) plus Two(2) 31800DWT Large Lake Bulk Carrier project, will also be implemented.