Globus Maritime will have at least three brand-new bulkers in its fleet by the end of 2024 after ordering two more newbuildings.

The Athens-based owner of nine bulkers said it has placed an order for two 64,000-dwt, fuel-efficient bulkers from Nantong Cosco KHI Ship Engineering in China for about $70.3m total.

The first ship is scheduled to be delivered in the third quarter of 2024, while the second one is expected for delivery in the fourth quarter of the same year.

The Athanasios Feidakis-led company plans to buy the newbuildings with a combination of debt and cash on hand but will continue to explore its best options at the relevant financing time.

“We are pleased to announce the ordering of our second and third ultramax newbuildings from a reputable shipbuilder,” chief executive Feidakis said in a statement.

“Steadily, we continue to try and enhance shareholder value and growth.

“Our newbuildings are being designed with what we believe to be high technological standards, which gives us comfort that the ships should be better equipped to handle challenges in our industry.”

The move comes a week after Globus ordered a 64,000-dwt ultramax newbuilding from Nihon Shipyard in Japan, marking its first newbuilding order since its founding in 2006.

That ship, which Globus has said it is buying for $37.5m, is expected to be delivered in the first half of 2024.

The order by Globus emerged the same day that Greek peer EuroDry expressed an aversion to newbuidlings, with chief executive Aristides Pittas citing the lack of long-term chartering in the market.