Norway's Klaveness Combination Carriers (KCC) has allowed its final options for more newbuildings in China to expire.
Agreements to add two ships to the owner's series of eight 83,500-dwt Cleanbu oil product and dry bulk ships at Jiangsu New Yangzijiang Shipbuilding ended in January, the company said.
In November, chief executive Engebret Dahm said the company was unlikely to exercise the options, due to financial markets being unfavourable for raising the funds needed.
