The Taizhou Kouan yard in China has scooped more bulker orders from European owners.
Clarksons reported W Marine of Greece has signed up for an 82,000-dwt kamsarmax, as has Aquavita International of Ukraine.
They will be delivered in 2020.
Neither of the companies responded to TradeWinds' requests for comment.
W Marine was established by Yiannis Sarantitis in 2003. It has seven ships in the water, ranging from 81,000 dwt to 93,000 dwt.
