Greece’s DryDel Shipping has made another foray into the newbuilding market, expanding its orderbook to 10 ships.

The deal for a 64,000-dwt ultramax bulker is the Costas Dellaportas-controlled owner’s first new order since rebranding from Meadway Shipping & Trading earlier this year.

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DryDel said the vessel will be built at the Shin Kurushima Dockyard in Japan.