Japanese bulk carrier owner and operator Inui Global Logistics has ordered four 40,000-dwt bulk carriers at local shipyards.

Brokers estimate handysize newbuildings cost around $30.5m each, valuing the deal at $122m in total.

According to reports in Japan Maritime Daily the four-ship contract will be split between Imabari Shipbuilding and Oshima Shipbuilding with delivery scheduled for early 2025.