US dry bulk shipowner Genco Shipping & Trading has entered into agreements to acquire two Ultramax bulkers under construction at Dalian Cosco KHI Ship Engineering (DACKS).

The vessels are scheduled for delivery in January 2022.

Genco has now added six Ultramaxes since December 2020, doubling its Ultramax fleet.

The company also announced that it has fixed two vessels on time charters with Capesize Baltic Bear fetching $32,000 per day for 10 to 14 months and Ultramax Genco Vigilant fetching $17,750 per day for 11 to 13 months.