Bocimar is said to be acquiring ­two resale newcastlemax newbuildings and ordering ore carriers at an estimated total cost of more than $360m.

The Saverys family-controlled company is purchasing a pair of 206,000-dwt bulkers that are under construction at Qingdao Yangfan, according to shipbuilding sources. It is said to be paying more than $50m each for the ships, originally ordered by Trafigura in 2014.