Lianson Fleet buys pair of ultramax-class bulk carriers

Malaysia’s Lianson Fleet Group (LFG) has announced the acquisition of two ultramax bulk carriers for $52.32m, as the company expands beyond its offshore support vessel business and strengthens its dry bulk shipping operations.

In a stock exchange filing, the Bursa Malaysia-listed LFG said its wholly owned subsidiary Lianson Fleet Pte. Ltd. (LFPL) had signed two separate memorandum of agreements for the acquisition of Tian Mu Shan and Yan Dang Shan for a total cash consideration of US$52.32m with companies incorporated in China, which are unrelated third parties to LFG.

The acquisitions are proposed to be funded, according to LFG, through a combination of internal funds and bank borrowings.

Delivery of Tian Mu Shan is expected between June 11, 2026, and August 11, 2026,