London-based Lomar Shipping, a subsidiary of Libra Group, has struck a loan deal for three bulk carriers with Germany´s Hamburg Commercial Bank.
Specifically, Lomar Shipping, ship-owning and management group, led by CEO Nicholas Georgiou has successfully closed a $24 million credit facility with Hamburg Commercial Bank for three kamsarmax bulk carriers that recently joined its fleet.
These bulk carriers are part of its dry bulk investment program as the company continues to diversify its market presence in this sector.
“We look forward to an ongoing relationship with Hamburg Commercial Bank which now spans over 30 years; a great partner and leader in global finance with strong maritime industry know-how,” a company spokesperson commented.
The company also successfully raised capital with Neptune Maritime Leasing for five bulk carriers. Lomar has been acquiring more bulk carrier vessels in recent times as it continues to shift its focus away from the container sector and towards bulk carriers and chemical tankers.
Earlier this week, the shipowner added in the fleet portfolio a supramax bulk carrier built in China.
The 57,015-dwt ship Manila Trader (formerly ‘Rhine Confidante’), a supramax bulk carrier, built in China in 2010, was safely handed over to Lomar in Singapore.
She will soon commence her first employment via Indonesia, with final destination China, and thereafter enter a shipyard to undergo energy-saving upgrades.
