China-based yard Nantong Xiangyu Shipbuilding and Offshore Engineering Co., Ltd. has only one year old, but its orderbook has hit more than 30 units, which makes it rank among the top 20 of China's shipbuilders. The performance eclipses many shipbuilders in China which are struggling to get orders.

It is said that Nantong Xiangyu has recently secured a big order of six bulk carriers from Japanese owner DounKisen. The value of the order totals approximately US$164 million.

The said order is composed of two 64,000dwt Utramax bulkers with two options, and two 82,000dwt Kamsarmax bulkers. The delivery is scheduled for the first semester of 2020. All of these newbuilds will be constructed in accordance with the Tier II emission regulation. A source said that the four Ultramaxes have been confirmed, but the order for the two Kamsarmaxes is still under negotiation.