Bulker owner Navibulgar is said to have ordered four handysize lakes-fitted newbuildings at its favourite shipyard, Yangzijiang Shipbuilding.

Shipbuilding sources familiar with the deal said Navibulgar has booked super-eco, 32,000-dwt vessels to be delivered in 2024. They believe the order is part of the shipowner’s fleet expansion and renewal programme.

The company had earlier said it was looking to own a fleet of 1.5m tonnes with an average age below seven years by the mid-2020s.