China Development Bank Financial Leasing (CDB FL) is continuing to expand its orderbook with a quartet of pricy ultramax bulk carrier newbuildings.

The leasing arm of Hong Kong-listed China Development Bank, CDB FL has disclosed that it has ordered four 63,000-dwt bulk carrier newbuildings worth CNY884m ($132m), or $33m apiece, at Jiangsu-based New Dayang Shipbuilding.

This latest deal at New Dayang lifts the lessor’s ultramax order tally at the shipyard to 13 vessels. Nine similar newbuildings were ordered last year.