The fleet of James Chao’s Foremost Maritime is expanding with the addition of four capesize bulkers.
The New York-based bulker company has booked the quartet at Qingdao Beihai Shipbuilding Heavy Industry, lifting the number of 180,000-dwt vessels it has under construction there to six. The company’s previous two newbuildings were booked early this year.
“We understand these four newbuildings are newly contracted,” said a shipbuilding source.
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