Turkey’s Ciner Shipping has signed for four more ultramaxes at New Dayang Shipyard in China. No price has been revealed for this latest series of newbuilds. Brokers suggest each ship is costing around $33m.

Over the last 12 years，Ciner has ordered a total of 15 ultramaxes at New Dayang，a yard owned by state-run machinery manufacturer Sumec Group.

Sumec，which took over Dayang Shipbuilding in 2018，now has a backlog of 67 ships with production set to the fourth quarter of 2027.

Istanbul-based Ciner is involved in dry bulk and tankers with its current fleet numbering 24 ships totalling around 2m dwt.