Collapsed STX Dalian Shipbuilding is making a comeback to the newbuilding market after it exited the sector in early 2013.

Chinese private petrochemical company Hengli Group plans to order up to four 20,000-dwt bulker newbuildings at the yard, which is now under the control of its subsidiary company Hengli Heavy Industry Group, according to local news agencies.

The bulkers will reportedly be used to transport coal from Qinhuangdao to Dalian, according to reports by Caixin Global.