China’s Zhejiang Zheshang Financial Leasing has contracted two ultramax bulk carrier newbuilds at compatriot yard Jiangsu Soho Chuangke Shipbuilding.

The 63，500 dwt units cost between $34m and $35m each， with delivery set for 2027.

The order is backed by a bareboat charter to the Singapore-based arm of the Chinese state-run Zhejiang Shipping Group， which currently boasts a fleet of around 20 bulkers.

Jiangsu Soho Chuangke Shipbuilding emerged under a new brand after previously being known as Sainty Shipbuilding. The yard in Yangzhou made a comeback to shipbuilding last year after a pause of about seven years with ultramax orders for China Development Bank Leasing， Jiangsu Ocean Shipping and George Procopiou’s dry bulk arm， Sea Traders.