John Fredriksen is cited as a buyer of two kamsarmax bulkers at Xiamen Shipbuilding Industry in China.
Brokers link the Norwegian shipowner with a swoop for two kamsarmaxes at Xiamen.
The 82,000-dwt bulkers' resale price is said to be $22.5m per vessel.
Recently, Fredriksen booked massive capesize newbuildings at Shanghai Waigaoqiao Shipbuilding and STX Dalian through its new venture Frontline 2012.