Navios Maritime Partners has added two resale bulkers and two trading bulkers by taking advantage of a weak yen.
Angeliki Frangou, CEO of Navios Partners, said “In a relatively short period of time, we acquired four vessels from leading Japanese shipyards with an average age of 3.75 years for $108m."  
The acquired vessels includes a capesize newbuilding for delivery in the fourth quarter of this year and a 61,000-dwt ultra-handymax to be delivered in the first quarter of 2014.
The other two second-hand ships are a 2006 built kamsarmax and a 2005 built panamax, to be delivered by the end of 2013.
Navios said it plans to secure 50% debt financing for the ships.