Taiwan’s Shih Wei Navigation has ended a decade-long newbuilding drought by ordering two bulkers in Japan.

A spokesperson confirmed the $78m order at Oshima Shipbuilding, saying the 64,000-dwt ultramaxes are part of a fleet expansion programme.

Shih Wei’s last order was in 2014, when it commissioned Saiki Heavy Industries to construct one 60,300-dwt bulker — the Amis Benefit (built 2018).