Taiwanese owner U-Ming has entered into shipbuilding contracts with Qingdao Beihai Shipbuilding for the construction of up to four 210,000 dwt newcastlemax bulkers.
The contracts are made up of a firm two vessels and options for another two vessels.
Deliveries are scheduled in 2023.
Beihai Shipbuilding delivered two 325,000 dwt valemax bulkers to U-Ming in the second half of 2020.
VesselsValue data shows U-Ming currently owns a fleet of 38 vessels with another six bulkers on order at Chinese and Japanese yards.