Taiwan's Chinese Maritime Transport (CMT) has signed up for two more newcastlemax bulker newbuildings at China's Qingdao Beihai Shipbuilding Heavy Industry at a cost of $126m.
The deal lifts the company's 210,000-dwt bulker newbuildings at the state-owned shipyard to four and total spending to $243m.
CMT assistant vice president James Tarng confirmed the order of the additional newcastlemax bulkers at Qingdao Beihai.
