Egyptian logistics player Transmar has returned to shipowning with a deal for a former Lomar container ship.

Domestic financier EFG Hermes Corp-Solutions said it had provided $25m for the company to buy the 2,100-teu feeder vessel Transmar Legacy (built 2008).

The former Louisiana Trader was reported sold to Dina Shipping and Trading of Egypt by Lomar Shipping in December for an undisclosed price.