China's privately-owned shipyard Jiangsu New Yangzi Shipbuilding has won a newbuilding order to build up to five kamsarmax bulkers from Callimanopulos group.
An official from the Greek owner said the company recently placed an order for firm three 82,000-dwt bulkers and additional options for one plus one units.
The firm newbuildings are to be delivered in August and October of 2015 and January 2016 respectively.
Callimanopulos did not disclosed the price, while industry player estimated the ship to value around $26m apiece.
Meanwhile, the Greek owner bought a pair of 81,000-dwt bulkers from Danish owner Norden in November 2012, valued around $44m en bloc, after a long absence from the bulker arena.