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Lomar seals $30m bulker refinancing

Lomar Shipping has struck a new loan deal with Macquarie Group, securing $30m in the process.

The deal, which was the fourth transaction between the maritime subsidiary of New York-based Libra Group and the Australian lender, will see the refinancing of three bulk carriers.

The Nicholas Georgiou-led Lomar earlier clinched $37.5m for the refinancing of up to six vessels and $86m for the refinancing of several ships in its tanker portfolio, following the acquisition of the Carl Büttner Group.

Lomar also secured a $27.5m loan with Macquarie to refinance two vessels that were part of its $1bn newbuilding investment programme of more than 40 vessels placed over a decade ago.

The company has invested nearly $130m in nine bulkers in the last 12 months to bring the fleet to 14 and raised more than $2bn from its exit from container shipping.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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