Bulker operator Norvic Shipping has set out to expand its fleet with a handymax newbuild.
The AJ Rahman-led outfit has penned a long-term charter deal with a “renowned Japanese shipowner” for the 42,000 dwt bulker, which will be built at Oshima Shipyard.
The vessel, to be named Norvic Athens, is scheduled for delivery in the second half of 2027.
“This partnership marks another step forward in Norvic’s commitment to high-quality, fuel-efficient, tonnage, and long-term strategic growth,” the company said.
Founded in 2006 in Toronto, Canada, as a tanker operator, Norvic expanded into dry bulk in 2012. The company returned to its roots in 2023 with the $37m purchase of the 2008-built LR2 Norvic Monica, which was sold for around $42m last year.
