Lomar Shipping (Lomar) is Libra’s ship-owning and management group. Founded in 1976, the company has a mixed fleet of bulk carriers, container ships, and chemical tankers. For over 45 years, Lomar has maintained a strong track record of investment and reinvestment according to market cycles.
Lomar’s fleet grew substantially between the period 1994-2003. Lomar then sold a total of 67 vessels during the market upturn between 2004 and 2007.
In December 2009, the company re-entered the shipping market at scale with the $325 million acquisition of the Allocean group and its fleet of 26 modern vessels. Lomar also then commenced a sustained drive for eco-friendly, fuel efficient new tonnage and ended up placing new orders for 43 mostly container and bulk vessels at various Chinese yards. The total investment was approximately $1 billion and the new vessels started delivering as from 2014.
In August 2014, Lomar sold its entire offshore fleet, which had originally been acquired in 2009 as part of the Allocean transaction.
During the period 2009-2020, the company acquired a total of 135 vessels, including 96 container vessels. Of these, 49 vessels were sold during the container shipping boom over a two-year period between 2020 and 2022 for a sale value of approximately $1.5 billion.
In 2022, Lomar acquired the Bremen, Germany-based Carl Büttner Holding GmbH & Co., a 166-year-old ship owner and management company with a presence in Bremen and Croatia. Today, Lomar maintains a diversified, core fleet of approximately 40 vessels.
Our London-based management organization, Lomar Shipping, provides technical and commercial maritime services with offices in London, Bremen, and Singapore.