Shipowning newcomer Mare Balticum has placed an order for up to 16 low-emissions multipurpose general cargo ships at China’s Taizhou Sanfu Ship Engineering. The long-planned newbuilding series is worth just under $250m including six firm ships and 10 options.

The contract was signed in July, with handover of the first 7,400-dwt, high ice-class vessel scheduled for July 2025, with successive deliveries at two-month intervals.