Norwegian shipowner Axel C Eitzen is staging a remarkable comeback on the newbuilding scene.

Together with investors — primarily Norwegian — he has ordered up to nine 38,000-dwt log fitted bulker newbuildings at Yangzhou Guoyu Shipbuilding in a deal that could be worth close to $190m if all the units are eventually built.

“I am very happy about this, it is so nice to be back again,” Eitzen told TradeWinds.

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