Bulyard in USD 35M Deal with Cypriot Partner

The new shipbuilding consortium Bulyard and Cyprus-registered Bulcon have signed a letter of intent for an order of 2 vessels worth USD 35 M.
Bulyard will have to construct one 9,300 tonner and one 42,000 tonner.
Bulcon has already made upfront payments on the USD 35M contract, which will be finalised, in late July.