The bulker ordering bandwagon rolls on with a near $1.8bn investment in newcastlemax newbuildings by a Singapore-registered company at a Chinese shipyard.
Newly established AMK Securities has signed up for 30 bulkers of 206,000 dwt at Jinhai Heavy Industry.
The deal covers 10 firm vessels plus options for 10 plus 10.
Sources familiar with the order say AMK is backed by a high-profile US institutional investment fund and a Swiss-based commodities trader.
