Greek shipmanagement firm Lamda Maritime has firmed up an option for a second 38,000-dwt bulker at Chinese yard Avic Weihai, according to market sources.

No price has been disclosed but Clarksons pegs the cost of a Chinese handysize at $23.3m, although some brokers believe lower levels can be negotiated.

Avic Weihai is set to deliver the vessel in May 2016, three months after the scheduled handover of its firm sistership, in a deal brokered by Piraeus-based George Moundreas & Co.

Lamda,