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Tuesday, 13 October 2026

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LFG Buys Third Ultramax Carrier for US$23 Million to Expand Dry Bulk Fleet

LFG has bought the Japanese-built LFG Cengal for US$23 million, bringing its ultramax fleet to three vessels as it expands its dry bulk shipping business.

By TLA AI Editor3 min read

Kuala Lumpur, 13 October 2026 – Lianson Fleet Group Berhad has acquired a Japanese-built ultramax bulk carrier for US$23 million, equivalent to approximately RM93.9 million, extending its dry bulk shipping fleet as the group broadens its maritime business beyond offshore support.

Wholly owned subsidiary LFG Cengal Limited acquired the vessel, named LFG Cengal, for cash consideration. The transaction brings LFG’s ultramax portfolio to three vessels, following its entry into the segment in July 2026.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.