The Hong Kong-listed shipowner is adding four ultramaxes andtwo panamax vessels at a total cost of $161.6m, it announced today.

Jiangnan Shipyard will deliver the two 78,000-dwt vessels andChengxi Shipyard will hand over the four 64,000-dwt bulkers in the second halfof 2015.

The move follows an order for a quartet of 64,000-dwtbulkers at Jinling Shipyard in early January for an aggregate $103.2m,