Following a spurt of newbuilding activity earlier this year with orders for LPG carriers in South Korea, Evalend Shipping is believed to have turned to a Chinese yard to build tankers and bulkers.

Shipbuilding sources and brokers are linking the Athens-based company to at least one pair of MR2 product carriers and two handysizes at Jiangsu New Yangzijiang Shipbuilding.

The 40,000-dwt bulkers are said to be of the Green Dolphin-type, a modern open-hatch design that is suitable for eventual modifications to carry containers.