Lomar Shipping Adds Six Containerships

Lomar Shipping UK-based ship owner Lomar Shipping has expanded its shipping fleet with six containerships ranging from 1,700 TEUs to 2,492 TEUs. The vessels, acquired from a number of international owners for undisclosed sums, are expected to enter Lomar Shippings fleet by August this year. The vessels in question are the newbuilding Guangzhou Trader, purchased from Guangzhou Wenchong Shipyard, the 2000-built Devon Trader, the 2001-built Kent Trader, both originating from German shipyards, 2002 German-built vessels Suffolk Trader and Norfolk Trader, and the Nagoya Trader. The company has a fleet of over 80 vessels of which 50 are sub-panamax container vessels. Under its newbuilding programme, Lomar ordered over 25 new eco-friendly ships, with the majority of these containerships and bulk carriers already delivered. We see the sub-panamax class as an under-built sector of the container market and believe in its underlying value, Achim Boehme, Lomar CEO, said.