Lomar lines up older boxships for sale

Lomar lines up older boxships for sale

Lomar Shipping has plans to sell some of its older boxships. A spokesperson for the London-headquartered line told Splash that Lomar is mid-way through a fleet renewal programme whereby four newbuilds have delivered from Chinese yards in 2017. It also sold one of its older ships, the 2,564 teu Wuhan Trader. The Lomar spokesperson said the company is now looking to sell some of its older units.

“Our strategy to renew the fleet will continue over the next few years, with several further newly build vessels due for delivery in 2018 and onwards. This process will continue to reduce the overall age profile of our fleet and at the same time ensure we are able to offer the latest, high spec, fuel efficient vessels to our charterers in this ever growing feeder/feeder-max segment of the market that we have invested in,” the spokesperson said.

Lomar operates a fleet of more than 80 ships which include bulk carriers, product and chemical carriers as well as many boxships.

One brand new Lomar boxship, the Kea Trader, ran aground off New Caledonia earlier this year. The ship has yet to be moved off reefs, but has already been deemed a total loss.

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.

Related Posts