Belgian shipowner Compagnie Maritime Belge (CMB) has snapped up an order for an additional 10 dual-fuel newcastlemax bulk carrier newbuildings worth in total $640m, as yard prices start to ease off in China.

Shipbuilding sources said the company had seized a “window of opportunity” and returned to Qingdao Beihai Shipbuilding Heavy Industry to book the ships that will be delivered in 2025 and 2026.

CMB confirmed it has now lifted the total number of 210,000-dwt dual-fuel bulk carriers at the state-owned yard to 20, without adding further comment.