Dry CargoEurope

Lomar focuses on building its dry bulk fleet

Lomar is to deliver a further bulk vessel into service this month, its ninth acquisition in the past year.

The newly renamed Ebury Trader will commence a long-term chartering arrangement with a global logistics provider, following the completion of upgrades at a shipyard in China that includes the installation of energy-saving devices.

The vessel’s entry into commercial operations represents a total investment of over $126m in dry bulk vessels in the past 12-month period.

Lomar’s is building its fleet of bulk carriers, which now number 14 in total after it raised more than $2bn from the sale of virtually all  of its containership fleet.

 Lomar CEO Nicholas Georgiou said: “Lomar has largely divested from container shipping during a period of record-breaking markets and is currently re-investing in the dry bulk sector where we see considerable opportunities.”

 Lomar’s latest addition to its fleet of bulkers is a 57,016 dwt vessel that was formerly named Hai Yang Zhi Hua. It was purchased from a company in China and originally built at the China Shipping Jiangsu shipyard in September 2011.

In October 2022 Lomar completed the acquisition of the Bremen-based Carl Büttner Holding at an enterprise value of close to $160m, strengthening its interests in the chemical/product tanker sector.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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