Sesoda orders six bulk carriers worth a total of $154mSesoda orders six bulk carriers worth a total of $154m

Sesoda, manufacturer and distributor of fertilizers, announced in a regulatory filing that it has ordered four 38,000 dwt bulkers at $26m each and two 34,000 dwt bulkers at $25m each.

The contracts have been split between Japan's Namura Shipbuilding, Imabari Shipbuilding and other unnamed Japanese yards.

The newbuildings are scheduled for delivery between 2016 to 2018, according to Sesoda.

Sesoda said the newbuilding move is part of the company's strategy to “continuously develop its shipping business.”