Russian shipbuilder Krasnoye Sormovo has sealed an order for 11 bulkers.
The yard's parent United Shipbuilding Corporation (USC) said on Monday a contract worth 10.43bn ($158m) had been signed with State Transport Leasing Company (STLC).
Krasnoye won an open tender for the ships in January.
Three will be delivered this year and the remaining eight no later than 30 November 2020, the Prime news agency reported.
