The order takes Lomar’s current fleet to over 40 vessels. The new Ultramax bulk carriers have been designed to carry up to 11% more cargo than conventional Supramaxes whilst consuming around 13% less fuel. Lomar already has a longstanding relationship with COSCO Group for ship repair and dry docking works and looks forward to working with the group on newbuildings. Between 2004 and 2007 Lomar sold 69 vessels, re-entering the market in 2009 with the US$325m acquisition of Allocean and its entire fleet of 26 ships.
“These new vessels are the latest in design and efficiency,” said Achim Boehme, CEO of Lomar. “They complement our existing bulk carrier portfolio and allow us to stay competitive in the dry bulk markets. Our substantial investment demonstrates real commitment to operating a modern, fuel-efficient fleet.”