Greek-controlled Lomar Shipping has struck another loan deal with Macquarie Group to bring its total commitments to the bank to $151m.

UK-based Lomar, part of the Libra Group, said it has arranged a $37.5m credit facility to refinance up to six vessels in its diverse fleet.

The vessels were not named, but Lomar said this was its third transaction with the Australian lender.

The shipowner already has an $86m credit facility that refinanced several of its tankers following the 2022 takeover of Germany’s Carl Buttner Group.

This deal had an enterprise value of $160m, with the Nicholas Georgiou-led company taking on six chemical product tankers of between 25,000 dwt and 40,000 dwt.

TradeWinds reported that the transaction was carried out in weaker tanker markets before the invasion of Ukraine.

Lomar also acquired the Bremen owner’s ship management and crewing operations.

The buyer had previously operated two smaller tankers — the 11,300-dwt Panarea M (built 2006) and Salina M (built 2007).

Earlier this year, Lomar secured a $27.5m loan with Macquarie to refinance two vessels that were part of its $1bn newbuilding investment programme of more than 40 vessels placed over a decade ago.

The last of these ships were delivered in 2021.

“At Lomar, we look forward to further developing our relationship with Macquarie Group, a global financial leader with strong maritime industry expertise,” the owner said.

Its fleet includes kamsarmax and ultramax bulkers, and panamax and feeder container ships.