Two major names in dry bulk look to be bearing down on New York initial public offerings (IPOs) that would be the first in the sector in four years.

One is Oceanbulk, the joint venture between Greek shipowner Petros Pappas and backer Oaktree Capital Management, the largest private-equity investor in shipping.

The other is the second incarnation of the Quintana brand in dry bulk shipping, this time known as Quintana Shipping.