Kumiai Navigation of Singapore is adding a pair of bulker newbuildings to its growing fleet.
The Japanese-owned company is estimated to be paying a total of $82m for a newcastlemax and an ultramax bulker at two Sino-Japanese shipyards.
Kumiai Navigation has commissioned Nantong Cosco KHI Ship Engineering (Nacks) to construct a 208,000-dwt bulker for delivery in June 2020.
