Germany’s Reederei H Vogemann is to rebuild its diminished dry bulk fleet having inked a deal for up to eight handysize bulkers worth about $190m at China’s Taizhou Kouan Shipbuilding.

Newbuilding sources told TradeWinds the 135-year-old company had commissioned four firm vessels and four options with the price believed to be close to $24m per vessel.

However, the Hamburg-based shipowner declined to confirm the deal.