Trader Glencore has fixed another Newcastlemax newbuilding being built by Tor Olav Troim-backed 2020 Bulkers.

The Olso-listed shipping company said on Wednesday the 208,000-dwt Bulk Shenzhen has been booked for between 11 and 13 months.

The vessel is the fifth in a series of eight that the owner has on order at New Times Shipbuilding in China, two of which are now operational.