Wah Kwong Maritime Transport Holdings has signed up for four ultramax bulker newbuildings at New Dayang Shipbuilding.
The Hong Kong shipowner is said to be paying around $120m in total for the quartet.
Shipbuilding players familiar with Wah Kwong said the company has ordered the 63,000-dwt bulk carriers as part of its fleet replacement and expansion programme. It is scheduled to take delivery between 2023 and 2024.
