Indian newcomer Utkarsh Advisory Services has ordered its first ships.
Domestic builder Cochin Shipyard said the Mumbai company has contracted four 8,000-dwt mini-bulkers.
The vessels will be built at the Kochi plant and delivered by December 2020.
No price was revealed for the vessels.
Utkarsh is a privately owned company founded in 2014 and is part of tug owner JSW Group.
