A New Milestone for TEREM-SHIPYARD Flotski Arsenal - VARNA LTD

Today, November 13, 2025, in Varna, we signed a contract for the construction of a New hybrid floating dock FA2505HDD – a project that marks another important step in the development of TEREM – SHIPYARD Flotski Arsenal – Varna Ltd.

The client of the project is Iskra Shipyard Ltd. (Croatia), and TEREM-SHIPYARD is the shipbuilder of this innovative project, designed by Norden Ship Design House – Turkey.

The contract was signed by Mr. Danail Slavov, General Manager of Flotski Arsenal, and Mr. Roko Vuletić, Ph.D., President of the Management Board of Iskra Shipyard Ltd.

The project foresees the construction of an innovative hybrid floating dock 110 Meters Long and with a Lifting Capacity of 4,000 Tons. The dock will be a key element in the future development of Iskra Shipyard’s shipbuilding and repair capabilities, expanding its capacity to service a wide range of vessels, such as yachts longer than 70 meters, and new corvettes to be built for the Croatian Navy.

Key Specifications of the Floating Dock:
Overall length (Loa): 115.00 m
Pontoon length (Lponton): 110.00 m
Width (outer): 32.4 m
Width (inner): 26.4 m
Depth: 12.4 m
Maximum draft: 11.4 m
Lifting capacity: 4,000 tons

The floating dock is designed as a concrete pontoon consisting of seven sections, with steel side towers featuring a double hull. This hybrid structure combines the durability and longevity of concrete with the flexibility and functionality of steel superstructures, ensuring high efficiency and optimized maintenance costs.

“The signing of this contract is an important step for Iskra Shipyard as we continue to develop innovative and efficient solutions for the maritime sector. Norden Ship Design’s project represents a modern example of a hybrid dock that combines the best of steel and concrete technologies,” said Mr. Roko Vuletic, President of the Management Board of Iskra Shipyard Ltd.

“For us at Flotski Arsenal, this project is a sign of trust and recognition of our team’s professionalism. With the new dock, we will significantly increase our shipbuilding capabilities and contribute to establishing Varna as a leading center of the maritime industry in the Black Sea region,” commented Mr. Danail Slavov, General Manager of TEREM – SHIPYARD Flotski Arsenal – Varna Ltd.

Construction is scheduled to begin in 2026, with commissioning planned for spring 2027.

With this contract, TEREM – Flotski Arsenal Varna continues to strengthen its position as a leading Bulgarian builder of modern and sustainable maritime structures, with proven expertise in the construction of hybrid floating facilities.

We would like to thank our team, partners, and clients for their trust and cooperation!