LATEST COMPANY PROFILES

Terem Shipyard Flotski Arsenal Varna Ltd



125 years – and still in shipshape condition 

With a rich and long history, the Terem Shipyard Flotski Arsenal Varna Ltd in Bulgaria remains the largest and most significant shipyard that has served the nation’s Navy with distinction. Having diversified out to cater to commercial vessels, the 100% state-owned shipyard is now looking beyond its 125th anniversary in 2022 with cautious optimism. Andy Probert reports.

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