en.Wedoany.com Reported - Greek Erasmus Shipinvest Group has confirmed orders for four Kamsarmax bulk carriers at China's Jiangsu New Hantong Ship Heavy Industry, bringing the shipyard's newbuilding program to eight vessels with a total value of nearly $300 million.

The agreement confirms all options attached to the initial orders placed earlier this year. The shipowner, led by John Su, initially confirmed four firm vessels of 82,000 deadweight tons at the Chinese shipyard, marking a shift from its traditional preference for Japanese yards. As part of the deal, four options have been secured and declared effective.

Shipbuilding industry sources said the initial contract price was approximately $37 million per vessel, with a total investment of about $296 million for the eight ships. Deliveries are expected to begin in 2028.

Founded in 2010, Erasmus has expanded from dry bulk shipping into multiple sectors including multipurpose vessels, feeder container ships, LPG carriers, and tankers in recent years. The company has also recently ordered a series of feeder container ships ranging from 1,800 teu to 2,400 teu at Chinese shipyards, continuing to diversify its fleet portfolio.

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