Lianson Fleet bulks up with ultramax brace

AI Summary

Malaysia's Lianson Fleet Group has expanded its fleet by acquiring two 2017-built ultramax bulk carriers, Tian Mu Shan and Yan Dang Shan, for $52.32 million. The acquisitions were made through the company's subsidiary from Chinese sellers, marking a move into larger bulk carriers.

Malaysia’s Lianson Fleet Group (LFG) is moving into larger bulk carriers with the acquisition of two 2017-built ultramaxes for $52.32m. The Bursa Malaysia-listed company, formerly known as Icon Offshore, said its wholly owned subsidiary had signed two separate deals with unrelated Chinese sellers for the Tian Mu Shan and Yan Dang Shan. LFG said the …