The company told the Philippines news agency that it has a positive outlook on the economy, so will upgrade its seven box and multipurpose vessels over the next four years.

The four ships slated to go are the 7,000-dwt LSC Cagayan de Oro, the 7,200-dwt Lorcon Visayas and the 6,100-dwt Lorcon Cebu (all built 1986), and the 6,600-dwt Lorcon Zamboanga (built 1984).

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