The Shiprepair Yard "TEREM" PLC - Varna branch (ex."Flotski Arsenal"), the pioneer in shiprepair industry in Bulgaria, with pleasure welcome you to our website.Our Shiprepair Yard was founded in 1897. The long history of our company, extensive experience of our skilled and efficient staff, well equipped workshops, docks and other facilities enable us to offer complex ship repair of high quality and short time at attractive prices.