Chinese owner Ningbo Marine has added to its ultramax bulker orderbook with two newbuilds firmed up at compatriot yard.

The Shanghai Stock Exchange-listed company signed up for up to four 64，000 dwt vessels at Jiangsu Haitong Offshore Engineering Equipment last November.

The deal covered two firm vessels at about $37m each with an option attached for an additional pair， which has now been exercised.

Ningbo Marine predominately owns bulkers， but it also has one 12，100 dwt tanker that joined the fleet in 2020. The latest vessels mark an upsize in the company’s ordering strategy after three 50，000 dwt bulkers were put in operation in recent years.