Xiamen Port Holding Group is to increase capital to its subsidiary Quanzhou Xiamen Port Tugboats to acquire four tugboats for a total of CNY177.8m ($18.2m).

The four vessels include two 6,800 bhp tugboats, one 5,000 bhp tugboat and one 4,000 bhp tugboat. 

Quanzhou Xiamen Port Tugboats and Jiangsu Zhenjiang Shipyard have already inked contract for two 6,800 bhp tugboats and one 4,000 bhp tugboat newbuildings, which are scheduled for delivery in September 2022.

The tugboat acquisition makes Quanzhou Tugboats to update current tugboat fleet at a very attractive price and will bring more profits to the group, said Xiamen Port Holding.