Japan’s Nisshin Shipping is said to be behind the purchase of three out of seven 84,200-dwt gearless bulkers circulated for sale by Hyundai Samho Heavy Industries.

The kamsarmaxes were originally ordered by Taiwan’s Today Makes Tomorrow (TMT). The South Korean yard is selling off the ships after TMT failed to keep up payments and take delivery.

A Nisshin executive that Trade­Winds spoke with declined to confirm the purchases.

“We