Jinhui Shipping & Transportation has bought two ultramax bulk carriers from Nisshin Shipping.

On Friday, the Oslo-listed Chinese shipowner said it had agreed to purchase the 63,518-dwt Western Santos and the 63,469-dwt Hanton Trader I (both built 2014) for $25.4m each in cash from Panama-registered Ratu Shipping.

The geared vessels were both built at China’s Jiangsu Hantong Ship Heavy Industry shipyard to the SDARI Dolphin 64 design.