Bank of Communications Financial Leasing (Bocomm Leasing) has ordered eight ultramax bulkers worth up to $256m at Cosco Shipping Heavy Industry Zhoushan.

Shipbuilding sources said Bocomm Leasing signed up for the 64,000-dwt vessels before China's Golden Week holiday. It is said to be paying between $31m and $32m apiece for the ships, which are slated for 2023 delivery.

It is understood to be the second shipbuilding deal that the Chinese leasing company has signed this year.

Bocomm Leasing did not respond to requests for comment, while Cosco Shipping Heavy was unavailable.