Taiwanese bulker operator, Taiwan Navigation, has announced new shipbuilding orders of two bulk carriers at two Japanese yards as it continues to expand its fleet.

The company will order an 80,000 DWT bulk carrier and a 60,000 DWT bulk carrier at Namura Shipbuilding and Oshima Shipbuilding respectively. The total value of the contracts is $64.1m.

Taiwan Navigation placed orders for two 81,600 DWT bulk carriers at Oshima and two 80,000 DWT bulk carriers Namura earlier this year.

The company’s fleet currently stands at 18 ones.