The Pakistani shipowner sold its last bulker in 2006 before the shipping crisis hit and currently only has one aframax tanker in the water.
But that is about to change after it announced yesterday an order for nine eco ultramax vessels in China at a price TradeWinds understands is around $25m per ship.
Chairman Imtiaz Shaikh says Tomini plans to build a fleet of up to 25 ultramaxes by adding two vessels per year on average after the ninth ship is handed over by China Shipbuilding Industry Corp (CSIC).
Deliveries
