Chellaram Shipping is the latest shipping company to have turned to New Dayang Shipbuilding for bulk carrier newbuildings.

The Hong Kong-based shipping company has ordered two 64,000-dwt newbuildings at the Chinese shipyard that specialises in building ultramax bulk carriers.

A shipping source familiar with Chellaram confirmed the bulkers order, adding that the newbuildings formed part of the company’s fleet rejuvenation and expansion programme.