Ithas ordered four 64,000-dwt bulkers at China Shipping Industry (Jiangsu). Nofinancial details were disclosed.

CSIJiangsu will start work on the ships immediately with the first bulker due tobe delivered by May 2015.

The quartet of bulkers has been contracted againsta long-term charter contract from China Shipping Bulk - the bulker arm of state-owned ChinaShipping Group (CSG).