Chinese leasing company Zhejiang Zheshang Financial Leasing has ordered a pair of ultramax bulk carriers against charter contracts from state-owned Zhejiang Shipping Group.

Local news agencies reported that the leasing company has commissioned restructured Chinese shipbuilder Jiangsu Soho Chuangke Shipbuilding to build the two 63,500-dwt bulkers.

Pricing details and delivery dates for the newbuildings have yet to be revealed, although one shipbuilding broker suggested the ultramaxes would cost between $34m and $35m each.