The oil products tanker CB Adriatic (2019), part of the Buttner fleet, pictured on the Thames in July.
KRISPEN ATKINSON
COMPANY NEWS
London-based Lomar Shipping has acquired the Bremenbased tanker owner Carl Buttner. Founded in 1856, the company established itself as an independent shipping company in Bremen in 1933 and has been owned and managed by five generations of the Buttner family.
The company took delivery of its first coastal tanker, Hummel, in 1965, and has since been a leading operator of products tankers in the European market. Lomar is paying almost $160 million for the company, assisted by an $86 million loan from the Australianbased Macquarie Group.