Taiwanese shipping company Wisdom Marine has returned to the Japanese shipbuilder Imabari Shipbuilding for two more bulker newbuildings.

The company said that it has earmarked around USD 49 million for the two 37,800 dwt bulk carriers.

The two ships will be bought for up to USD 24.5 million apiece.

The financing will be carried out in installments until the delivery of the ships. However, the exact delivery dates have not been specified.

The order comes on the heels of a buying spree from the end of last year which saw Wisdom Marine order two 61,000 dwt bulkers from Tokyo-based builder Kawasaki Heavy Industries and buy a 63,700 dwt bulk carrier from Chijing Shipping.

Wisdom Marine kicked off the year by welcoming two newbuilds into the fleet, the 61,950 dwt Amis Miracle, built at Oshima shipyard, and the 37,600 dwt Bunun Kalon, built at Imabari.

The latest fleet additions bring the company’s fleet to 126 vessels.

Four more newbuildings are set to join Wisdom Marine’s fleet this year, according to the company’s website data.

Six additional bulkers, taking shape at Imabari, Namura and Tsuneishi, are set to follow suit in 2019 and 2020.