Taiwan's Wisdom Marine Group continues to expand its orderbook with a deal for more bulkers in Japan.
It said the board has approved a contract at Imabari Shipbuilding for two new 37,800-dwt ships priced at not more than $24.5m each.
The owner has 11 newbuildings on order already, all in Japan.
In December, it added two 61,000-dwt bulkers at Kawasaki Heavy Industries.