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Lianson Fleet Group Berhad (LFG) has signed two Memorandum of Agreements for the acquisition of two Ultramax bulk carriers, the „MV Tian Mu Shan“ and the „MV Yan Dang Shan.“ The total price for the two vessels amounts to USD 52.3 million. According to a statement, these acquisitions represent a progress for the group as it enters the realm of larger bulk carriers, having previously operated a fleet of Supramax vessels.
Fleet expansion and strategic goals
With the acquisition of the two Ultramax carriers, along with an already announced Supramax bulk carrier scheduled for delivery in August 2026, LFG’s maritime transport fleet will grow to a total of 41 units. This fleet consists of 17 barges, 17 tugs, and 7 bulk carriers. The fleet expansion is, according to the company, part of LFG’s strategic objective to expand its Marine Transportation sector. The group places particular emphasis on long-term charter asset classes that are intended to enhance earnings visibility and strengthen its position as an asset player in the dry bulk sector in Malaysia. The ship acquisitions are expected to be completed by October 2026, barring any unforeseen circumstances.
