The Nasdaq-listed company confirmed a contract first reported by TradeWinds for two 22,000-cbm vessels at Hyundai Mipo for delivery in the first quarter of 2017.

The deal comes with two options attached.

It also said it would bank a total refund of instalments paid to STX in Korea for a pair of cancelled 5,000-cbm vessels, two of four on order at the yard.

The