According to brokers, China Navigation is the buyer of a trio of 38,800dwt handysize newbuildings. The ships were originally ordered by German bulker outfit Bertling. The ships have now been sold by the yard, Huanghai Shipbuilding.

They are named Cumbria, Galicia and Venezia and are of the Green Dolphin design with China Navigation thought to have picked them up for around US$15.4m each.