James Marshall-led Berge Bulk is adding more newbuildings to its fast-expanding fleet.

The company has booked five 210,000-dwt bulkers at Bohai Shipbuilding Heavy Industry, lifting the number of newbuildings it has at the yard to seven.

The news came as no surprise to shipbuilding players who say the owner signed a letter of intent (LOI) with the state-owned yard at the end of last year for a series of newbuildings.

Marshall