China-based Nantong COSCO KHI Ship Engineering (NACKS) has won a newbuilding order for two 61,000DWT ultramax bulkers from China's Jiangsu Ocean Shipping (JOSCO).
Delivery is scheduled for the first half of 2014.
Newbuilding price is said to be $25m per ship, higher than market average due to the Japan factor.
JOSCO is reportedly in the middle of its fleet expansion program, which has built several ships at NACKS for the past years.