Chinese owner Nanjing Hengrui Shipping has ordered one plus one 51,000-dwt bulkers at domestic yard Nanjing Wujiazui Shipbuilding for delivery in 2014.

A Hengrui executive says the vessel will be used for domestic trading, adding “We have ordered the supramax because electric-power companies are seeking bigger vessels to transport more coal.”

The company said that it opted for an all-new fuel-efficient design, rather than buying a resale, as prices are currently low.