China Shipping Industry (Jiangsu) has bagged new orders from sister company Dong Fang International Investment to build four 64,000 dry bulk carriers.

Work on the new bulkers will commence in April this year and delivery dates are slated from May 2015 onwards, China Shipping Industry (Jiangsu) announced on its website.

The Chinese yard said the newbuilding move will serve to enhance the efficiency of its fleet and renew its assets.