Scorpio Bulkers struck two separate vessel acquisition deals for a total sum of $90m.
The Emanuele Lauro-led company will take three on-the-water ultramaxes and an as-yet built kamsarmax in the deal.
TradeWinds reported that the company was eyeing a kamarsmax newbuild at Jiangsu for $25m.
The aggregate price will be paid with $77.1m in cash and the remainder of the price paid in 1.592