Reederei Nord has teamed up with European private equity partners to acquire a pair of eco feederships and is targeting acquisitions in the bulker sector.

The leading German owner has secured a brace of 1,800-teu vessels originally ordered by UK-based Lomar Shipping at Jiangsu Yangzijiang Shipbuilding in China.

The pair have been purchased by Nord together with a European private equity fund that is taking a 50% stake in the ships.