Lorentzens Skibs is continuing its policy of focusing on projects rather than market segments by buying a stake in its first car carrier.

The Oslo-based company has purchased a share of a German-controlled vessel through a limited partnership company set up by Fearnley Finans.

Shipowner Nicolai E Lorentzen, a major shareholder in Lorentzens Skibs, confirmed the company bought into the 4,870-ceu Gral San Martin (built 2009), which trades in the fleet of NSC Schifffahrtsgesellschaft.