South Korean investment company Kukje Maritime Investment Corp (Kmarin) continues to expand its fleet of newbuildings with further orders as it ponders launching an initial public offering (IPO).

The company has booked two 64,000-dwt bulkers at China’s Jiangsu Hantong Ship Heavy Industry against long-term employment.

The yard is a specialist in building supramaxes and the assumption is that the ships will be delivered in 2015.

Sources