Graig Shipping has placed an order worth close to $100m for four of its new Diamond II ultramax designs at Wuhu Shipyard in China.

The UK company placed the ­order in conjunction with what it describes as its “collaboration partner” — Jordan National Shipping Lines (JNSL) — which, it is ­understood, will be the end-user of the 63,000-dwt ships.

The pair have worked together in the past on newbuilding projects, ordering two 53,000-dwt bulkers at Vinashin Shipyard in 2006.