Scorpio Bulkers has announced five more Kamsarmax newbuilding contracts for $157m.

The 82,000 dwt ships will be built at Hudong-Zhonghua Shipbuilding with deliveries stretching from the third quarter of 2015 to early 2016

The order is the latest in a contract spree from the Oslo-OTC listed owner, and follows orders for eight vessels earlier this week, a trio at the end of last month and 10 vessels in early November.

Scorpio Bulkers now has 52 vessels on order, predominantly in Asian yards, comprising 28 ultramaxes, 21 kamsarmaxes and three capesizes.