Hyundai Mipo Dockyard (HMD) has secured an order for bulkers after a three-year hiatus.

The Korea Shipbuilding & Offshore Engineering subsidiary has struck a deal with Thenamaris for four firm ultramax bulk carriers to be built at sister shipyard Hyundai Vietnam Shipbuilding.

It is not known if the contract includes any option vessels.

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Shipbuilding sources said the Greek shipowner is paying $36.5m