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Libra Group's Lomar Shipping continues building in Chinese yards

LOMAR Shipping, a unit if Libra Group, of Hamilton, Bermuda, has declared it will take further options to build three containerships at Chinese shipyards, which brings its total of newbuilding orders in hand to 20 ships.

Libra Group's Lomar Shipping continues building in Chinese yards
17 March 2014 - 17:45

Libra Group's Lomar Shipping continues building in Chinese yards

LOMAR Shipping, a unit if Libra Group, of Hamilton, Bermuda, has declared it will take further options to build three containerships at Chinese shipyards, which brings its total of newbuilding orders in hand to 20 ships.

The company said it will take its final two options for six 1,100-TEU ships from the Yangzijiang shipyard, designed by SDARI (Shanghai Merchant Ship Design and Research Institute), reports New York's Maritime Reporter & Engineering News (Marine Link).

The vessels, to be named the Toronto Trader, to be delivered in 2015 and Tampa Trader, to be delivered in 2016, will have much improved fuel consumption and the ability to carry 220 reefer boxes.

Lomar has also declared a further purchase option within its order for 2,190-TEU ships from China's Guangzhou Wenchong Shipyard, bringing its total firm orders to five. This vessel is to be delivered in 2015 and is also designed by SDARI.

Other newbuildings within the Lomar fleet include eight firm orders and two purchase options for 64,000 dwt ultramax bulk carriers from the Cosco Group in China.

Lomar is the shipping unit of the Libra Group, a diversified international business group. The company has a mixed fleet of vessels including containerships, bulkers, chemical tankers and LPG carriers as well as offshore vessels.

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