Two ships owned by Teh Hu Steamship and Cara Shipping of China are becoming the 16th and 17th capesize bulkers purchased by Greek owners this year.

Teh Hu’s 181,000-dwt Courageous and Cara’s 180,000-dwt Stella Hope (both built 2016) share several characteristics with the other 15 capesizes acquired by Greeks since early February for about $650m in total.

They are less than 14 years old and most of them were built in China.