Taizhou Sanfu Ship Engineering has ended its order drought by winning a contract for bulker newbuildings from a European owner.

A Taizhou Sanfu official says a German company has signed up for four 40,000-dwt handysize bulkers for delivery in 2012 and 2013. The yard declines to name the owner company because of confidentiality clauses but says the ships are costing more than $25m each.

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