Singapore-based dry bulk owner Berge Bulk took delivery of the Berge Shari, its fifth Handysize newbuilding, from Hakodate Shipyard in Namura, Japan, on Sept. 16, 2016.

The Berge Shari is the latest of six 34,000dwt vessels in Berge Bulk's diversification into the Handysize market.

According to the company, the Berge Shari differentiates itself from its four sister ships, namely the Berge Hakodate, the Berge Daisetsu, the Berge Asahidake and the Berge Annupuri, by the installation of a PBCF (Propeller Boss Cap Fin), which is said to improve propeller efficiency. The dry bulker shares this upgrade with the sixth ship, the Berge Rishiri, which is expected to be delivered in early 2017.

The Berge Shari is named after Mount Shari, a Japanese stratovolcano from the Quaternary period, which is located at Hokkaido's Shiretoko Peninsula.

In March 2014, the Japan Bank for International Cooperation (JBIC) and Berge Bulk signed buyer's credit agreements for funding the purchase of the six new bulk carriers.