Lomar Re-enters Marine Service

6 December 2009 (Last Updated December 6th, 2009 18:30)

Lomar Corporation has acquired 26 ships belonging to UK-based Allocean, announcing its re-entry into the maritime industry. The $325m purchase deal includes platform supply vessels, bulk carriers, container ships, liquid petroleum gas tankers, anchor handling tug supply vessels, a chemi

Lomar Corporation has acquired 26 ships belonging to UK-based Allocean, announcing its re-entry into the maritime industry.

The $325m purchase deal includes platform supply vessels, bulk carriers, container ships, liquid petroleum gas tankers, anchor handling tug supply vessels, a chemical tanker and a products tanker.

The acquisition takes Lomar’s fleet to 32 owned and managed vessels, including three newbuilds currently on order.

The deal involves the purchase of the shares of Allocean and the Allocean Charters group of companies, both subsidiaries of Allco Finance Group, which entered administration and receivership in November last year.

Lomar, a subsidiary of the Libra Groups, said the majority of the Allocean team will now join the London-based operation, while the Allocean trading name will no longer be used.