Taizhou Kouan Shipbuilding has been contracted by Germany's H Vogemann to construct a 38,500DWT handysize bulk carrier.
This follows an order for four 38,000DWT bulk carriers placed by H Vogemann with the same shipbuilder in 2017 with deliveries scheduled in 2018 and 2019.
The 38,500DWT vessel is expected to be delivered in 2020.