“This announcement has long been in our succession planning, with Achim due to have become chairman of Lomar. Achim’s tragic passing left us with a huge void but also a tremendous legacy, in which Nicholas has played a pivotal role – helping to consolidate and lead our business during an incredibly challenging few years for the shipping industry," said George Logothetis, chairman and CEO of the Libra Group. 

He has shown the determination, strength and leadership qualities necessary to take our business forward and we celebrate a promotion of Nicholas Georgiou that is richly deserved,” he added.

With Golden Union Shipping in Greece, Georgiou started his career in shipping in 1995, before joining Lomar in September 2010.

According to VesselsValue, Lomar Shipping owns a fleet of 49 vessels, including 44 containerships, four tankers and a single ultra-max bulker.

According to brokers, by paying about $7.5 million for the 2006-built Maria Schulte 3,500teu boxing ship, the company will increase its fleet.

Maritime Business World