China’s Fujian Guohang Ocean Shipping has doubled its order of methanol-ready kamsarmax bulkers at Wuhu Shipyard.
Brokers said the company, listed on the Beijing Stock Exchange, has declared options for four more 89,000-dwt vessels at the domestic shipbuilder.
Delivery will be in 2027, with the ships priced in the region of $37m each, for a total outlay of around $148m.
The first four in the series are due in 2025 and 2026.
The deal brings to 15 the number of bulkers Fujian Guohang has on order.
In July, TradeWinds reported that the owner and operator had returned to Jiangsu Haitong Offshore Engineering Equipment for newbuildings.
Two 63,500-dwt ultramax bulkers are due to be delivered in 2026.
Brokers suggest these vessels, designed by the Shanghai Merchant Ship Design & Research Institute, are costing between $32m and $34m.
There are also five 74,000-dwt panamaxes on order at Jiangsu Haitong, scheduled for delivery this year and 2025.
The first of the series of six has already been delivered. Fujian Guohang has been contacted for comment.
Established in 2001, the Shanghai-based company is listed with 14 operational bulkers up to kamsarmax size, plus two cruise ships and a ferry.
Its bulker fleet is engaged in international and domestic coastal trade, mainly shipping coal.
Last September, compatriot Fujian Shipping continued its fleet renewal drive with a fresh kamsarmax order.
Clarksons reported that the Chinese owner signed for two 82,000-dwt kamsarmaxes at Haitong Offshore Engineering for delivery in October 2026 and March 2027.
The shipbroker priced the units at CNY 292.7m ($41.2m) each. Clarksons put the ship type at $37.5m a month earlier.
