The Hong Kong-based shipowner said that its cash reserves would finance the purchase.

Kawasaki Heavy Industry designs designed by Nantong COSCO KHI Ship Engineering Co. (NACKS), a joint venture between Kawasaki Shipbuilding Company and COSCO, are one of the four sister vessels with a cargo carrying capacity of over 61,000 dwt.

“This is an excellent opportunity to expand our fleet with several high-quality, larger ships at an attractive price. We consider these vessels to be well constructed and efficient ships of excellent design for our trades,” stated Mats Berglund, CEO of Pacific Basin.

All four vessels are fitted with scrubbers and water treatment systems for ballast, and two are equipped to hold logs.

Maritime Business World