News
Delivery of Cape Guinea
On 30 January 2023, at 14:30 CET, Cape Guinea was successfully delivered to her new owners in Gibraltar. Since acquisition in 2018, she performed well generating a return in excess of our target IRR of 15-20%.
- Name : Cape Guinea
- Type: Product tanker
- Size: Handysize – 37.554 DWT
- Year: 2008
- Shipyard: Hyundai Mipo (South Korea)
- Acquisition date: June 2018
- Delivery date: January 2023
Exit Atlantic Paro AS
We are pleased to announce that in the second week of March we sold our stake in Atlantic Paro AS. The Supramax dry bulk carrier, Paro, was in our portfolio since April 2021. This investment turned out really well and resulted in a return in excess of our target IRR of 15-20%.
We thank the managers of this project and the crew for the excellent performance!
- Name: Paro
- Type: Dry bulk
- Size: Supramax – 56.691 DWT
- Year: 2009
- Shipyard: Mitsui Engineering & Shipbuilding
- Acquisition date: April 2021
New Oslo office
Exciting news!
Our Norwegian division, Lunasol Polaris Norway, has officially moved into its new office in Oslo. Feel free to drop by when in the neighbourhood of Dronning Eufemias Gate!
Delivery of Cape Guinea
On 30 January 2023, at 14:30 CET, Cape Guinea was successfully delivered to her new owners in Gibraltar. Since acquisition in 2018, she performed well generating a return in excess of our target IRR of 15-20%.
- Name : Cape Guinea
- Type: Product tanker
- Size: Handysize – 37.554 DWT
- Year: 2008
- Shipyard: Hyundai Mipo (South Korea)
- Acquisition date: June 2018
- Delivery date: January 2023
Delivery of Cape Gavi
On 4 January 2023, at 11:23 CET, Cape Gavi was successfully delivered to her new owners in Gibraltar. This vessel has performed very well since acquisition in 2019, generating a return in excess of our target IRR of 15-20%.
- Name : Cape Gavi
- Type: Product tanker
- Size: Handysize – 37,606 DWT
- Year: 2008
- Shipyard: Hyundai Mipo (South Korea)
- Acquisition date: July 2019
- Delivery date: January 2023
Team Recap
In September 2022, industry expert Peter Sutherland joined Lunasol Polaris. He runs the Marine Management activities out of our Oslo office.
Olivier Lenaerts joined our company as an analyst at the end of 2021, having previously worked at the port of Antwerp and attended the Antwerp maritime academy.
2022 proved a good year for Lunasol Polaris, with further strong investment portfolio results (3 investments and 9 exits), two new additions to our team and the setting-up of our Marine Management/Consultancy division in Oslo.
- Atlantica Provider (Offshore)
- Atlantica Supplier (Offshore)
- Serene Juniper (Dry bulk)
- Atlantic Solli (Container)
- Azra-S/Ozden-S (Chemical)
- Sude-S (Chemical)
- Nordic Falcon (Dry Bulk)
- OKEE Cuno (Container)
- RF Alice (Chemical)
- Atlantica Bell (Product)
- Cape Guinea (Product)
- Cape Gavi (Product)
We were awarded a management contract for a fleet of 4 bulkcarriers
Latest News
Exit Atlantic Paro AS
We are pleased to announce that in the second week of March we sold our stake in Atlantic Paro AS. The Supramax dry bulk carrier, Paro, was in our portfolio since April 2021. This investment turned out really well and resulted in a return in excess of our target IRR of 15-20%.
We thank the managers of this project and the crew for the excellent performance!
- Name: Paro
- Type: Dry bulk
- Size: Supramax – 56.691 DWT
- Year: 2009
- Shipyard: Mitsui Engineering & Shipbuilding
- Acquisition date: April 2021
New Oslo office
Exciting news!
Our Norwegian division, Lunasol Polaris Norway, has officially moved into its new office in Oslo. Feel free to drop by when in the neighbourhood of Dronning Eufemias Gate!
Delivery of Cape Guinea
On 30 January 2023, at 14:30 CET, Cape Guinea was successfully delivered to her new owners in Gibraltar. Since acquisition in 2018, she performed well generating a return in excess of our target IRR of 15-20%.
- Name : Cape Guinea
- Type: Product tanker
- Size: Handysize – 37,554 DWT
- Year: 2008
- Shipyard: Hyundai Mipo (South Korea)
- Acquisition date: June 2018
- Delivery date: January 2023
Delivery of Cape Gavi
On 4 January 2023, at 11:23 CET, Cape Gavi was successfully delivered to her new owners in Gibraltar. This vessel has performed very well since acquisition in 2019, generating a return in excess of our target IRR.
- Name : Cape Gavi
- Type: Product tanker
- Size: Handysize – 37,606 DWT
- Year: 2008
- Shipyard: Hyundai Mipo (South Korea)
- Acquisition date: July 2019
- Delivery date: January 2023
Team Recap
In September, Industry expert Peter Sutherland joined Lunasol Polaris. He runs the Marine Management activities out of our Oslo office.
Olivier Lenaerts joined our company as an analyst at the end of 2021, having previously worked at the port of Antwerp and attended the Antwerp maritime academy.
2022 proved a good year for Lunasol Polaris, with further strong investment portfolio results (3 investments and 9 exits), two new additions to our team and the setting-up of our Marine Management/Consultancy division in Oslo.
- Atlantica Provider (Offshore)
- Atlantica Supplier (Offshore)
- Serene Juniper (Dry bulk)
- Atlantic Solli (Container)
- Azra-S/Ozden-S (Chemical)
- Sude-S (Chemical)
- Nordic Falcon (Dry Bulk)
- OKEE Cuno (Container)
- RF Alice (Chemical)
- Atlantica Bell (Product)
- Cape Guinea (Product)
- Cape Gavi (Product)
Delivery of M/T Donia & M/T Tellus
Lunasol Polaris is pleased to announce the delivery of two chemical tankers, marking another meaningful step towards the expansion of our vessel portfolio.
M/T Donia & M/T Tellus were both delivered on 3 March 2026 at 09:00 CET in Porvoo, Finland. Following their delivery, Donia and Tellus have commenced employment under time charter contracts and will trade primarily in the Baltic and North Sea.
We extend our sincere thanks to our project partner Zeaside Capital Partners for their close collaboration throughout this transaction, and warmly welcome the vessels and their crews into our portfolio.
Lunasol Polaris remains committed to disciplined growth and long‑term value creation across our fleet. We wish Donia, Tellus, and their crews safe and successful voyages ahead.
- Name: M/T Donia & M/T Tellus
- Type: Ice Class Chemical tankers
- Size: 7.700 & 9.181 DWT
- Year: 2008 & 2006
- Shipyard: Karadeniz Gemi Shipyard & RMK Marine Shipyard (Turkey)
- Delivery date: March 2026
Delivery of M/T Donia & M/T Tellus
Lunasol Polaris is pleased to announce the delivery of two chemical tankers, marking another meaningful step towards the expansion of our vessel portfolio.
M/T Donia & M/T Tellus were both delivered on 3 March 2026 at 09:00 CET in Porvoo, Finland. Following their delivery, Donia and Tellus have commenced employment under time charter contracts and will trade primarily in the Baltic and North Sea.
We extend our sincere thanks to our project partner Zeaside Capital Partners for their close collaboration throughout this transaction, and warmly welcome the vessels and their crews into our portfolio.
Lunasol Polaris remains committed to disciplined growth and long‑term value creation across our fleet. We wish Donia, Tellus, and their crews safe and successful voyages ahead.
- Name: M/T Donia & M/T Tellus
- Type: Ice Class Chemical tankers
- Size: 7.700 & 9.181 DWT
- Year: 2008 & 2006
- Shipyard: Karadeniz Gemi Shipyard & RMK Marine Shipyard (Turkey)
- Delivery date: March 2026
2025: A year of discipline and sustainable growth
For Lunasol Polaris the year 2025 was defined by measurable growth, disciplined investment, and progress towards our long-term vision.
Over the year we have realized:
- 1 new investment
- 2 deliveries of previously ordered newbuildings
- 2 exits
Additions to our portfolio
- Soundmar (new-build Coastal Bulker – delivered in January)
- Luna Discovery (Bulk Carrier – delivered in November)
- Beltmar (new-build Coastal Bulker – delivered in November)
Exits
- Italida (Bulk Carrier – delivered to new owners in July)
- Munksund (Container Feeder – delivered to new owners in November)
Team
We welcomed Marc Goethals as our Head of Administration.
As Lunasol Polaris looks ahead to 2026, the company remains committed to its investors, with a strong focus on portfolio excellence and selective new additions to a solid base.
Wishing you a joyful holiday season and continued success in the New Year
2025: A year of discipline and sustainable growth
For Lunasol Polaris the year 2025 was defined by measurable growth, disciplined investment, and progress towards our long-term vision.
Over the year we have realized:
- 1 new investment
- 2 deliveries of previously ordered newbuildings
- 2 exits
Additions to our portfolio
- Soundmar (new-build Coastal Bulker – delivered in January)
- Luna Discovery (Bulk Carrier – delivered in November)
- Beltmar (new-build Coastal Bulker – delivered in November)
Exits
- Italida (Bulk Carrier – delivered to new owners in July)
- Munksund (Container Feeder – delivered to new owners in November)
Team
We welcomed Marc Goethals as our Head of Administration.
As Lunasol Polaris looks ahead to 2026, the company remains committed to its investors, with a strong focus on portfolio excellence and selective new additions to a solid base.
Wishing you a joyful holiday season and continued success in the New Year
Delivery of M/V Luna Discovery
Lunasol Polaris is happy to announce its latest investment in the dry bulk market.
On 26 November 2025 at 20:00 LT, the Luna Discovery was successfully delivered in Yokohama, Japan.
The 37,000 DWT Handysize vessel has recently completed her 15-year Special Survey.
In the coming days she will commence her employment, after takeover by our technical manager Tide Line and their crew.
We are pleased to welcome the vessel and her crew into our portfolio and wish them safe and successful voyages ahead.
- Name: Luna Discovery
- Type: Handysize bulk carrier
- Size: 36,781 DWT
- Year: 2010
- Shipyard: Hyundai Vinashin Shipyard (Vietnam)
- Delivery date: November 2025
Delivery of M/V Luna Discovery
Lunasol Polaris is happy to announce its latest investment in the dry bulk market.
On 26 November 2025 at 20:00 LT, the Luna Discovery was successfully delivered in Yokohama, Japan.
The 37,000 DWT Handysize vessel has recently completed her 15-year Special Survey.
In the coming days she will commence her employment, after takeover by our technical manager Tide Line and their crew.
We are pleased to welcome the vessel and her crew into our portfolio and wish them safe and successful voyages ahead.
- Name: Luna Discovery
- Type: Handysize bulk carrier
- Size: 36,781 DWT
- Year: 2010
- Shipyard: Hyundai Vinashin Shipyard (Vietnam)
- Delivery date: November 2025
Naming Ceremony of M/V Beltmar and M/V Bothniamar
On Monday, 13 October, the naming ceremony for two newly built minibulkers, M/V Beltmar and M/V Bothniamar, was held at the Jiangsu Dajin Heavy Industries shipyard near Shanghai. Leen Ghesquière and Barbara Blackburne-Jonckers had the honour of serving as godmothers to M/V Beltmar and M/V Bothniamar, respectively.
These versatile coastal mini-bulkers are set to operate primarily in Northern Europe under time charter contracts after their delivery in November 2025 (M/V Beltmar) and January 2026 (M/V Bothniamar) and consequent repositioning from the Far East.
Lunasol Polaris was represented at the ceremony by Luc Synaeghel (CEO), Olivier Lenaerts and Martin Hauge.
We extend our sincere thanks to our partner BAAS Shipping and to the entire team at Jiangsu Dajin Heavy Industries for their excellent cooperation and dedicated project follow-up.
A heartfelt thank you also goes to our investors for their continued trust and support.
We wish M/V Beltmar, M/V Bothniamar, and their crews safe and successful voyages ahead!
Naming Ceremony of M/V Beltmar and M/V Bothniamar
On Monday, 13 October, the naming ceremony for two newly built minibulkers, M/V Beltmar and M/V Bothniamar, was held at the Jiangsu Dajin Heavy Industries shipyard near Shanghai. Leen Ghesquière and Barbara Blackburne-Jonckers had the honour of serving as godmothers to M/V Beltmar and M/V Bothniamar, respectively.
These versatile coastal mini-bulkers are set to operate primarily in Northern Europe under time charter contracts after their delivery in November 2025 (M/V Beltmar) and January 2026 (M/V Bothniamar) and consequent repositioning from the Far East.
Lunasol Polaris was represented at the ceremony by Luc Synaeghel (CEO), Olivier Lenaerts and Martin Hauge.
We extend our sincere thanks to our partner BAAS Shipping and to the entire team at Jiangsu Dajin Heavy Industries for their excellent cooperation and dedicated project follow-up.
A heartfelt thank you also goes to our investors for their continued trust and support.
We wish M/V Beltmar, M/V Bothniamar, and their crews safe and successful voyages ahead!
Exit M/V Munksund
We are pleased to announce that the container feeder vessel Munksund has been sold and will be delivered to her new owners in the coming weeks.
Acquired together with her sister vessel Tunadal in February 2021, Munksund has been an integral part of our portfolio for more than four years. During this period, she was consistently deployed in Northern Europe and the Baltic Sea. Benefiting from strong operational performance and favorable market conditions, the investment in Munksund delivered returns well above our targeted internal rate of return (IRR).
We would like to extend our gratitude to all parties whose efforts contributed to the vessel’s successful operations.
Lunasol Polaris is looking forward to the continued employment of her sister vessel Tunadal.
- Name: Munksund
- Type: Container Feeder
- Size: 1.025 TEU
- Year: 2012
- Shipyard: Fujian Mawei Shipbuilding (China)
- Acquisition date: February 2021
- Delivery date: October 2025
Exit M/V Munksund
We are pleased to announce that the container feeder vessel Munksund has been sold and will be delivered to her new owners in the coming weeks.
Acquired together with her sister vessel Tunadal in February 2021, Munksund has been an integral part of our portfolio for more than four years. During this period, she was consistently deployed in Northern Europe and the Baltic Sea. Benefiting from strong operational performance and favorable market conditions, the investment in Munksund delivered returns well above our targeted internal rate of return (IRR).
We would like to extend our gratitude to all parties whose efforts contributed to the vessel’s successful operations.
Lunasol Polaris is looking forward to the continued employment of her sister vessel Tunadal.
- Name: Munksund
- Type: Container Feeder
- Size: 1.025 TEU
- Year: 2012
- Shipyard: Fujian Mawei Shipbuilding (China)
- Acquisition date: February 2021
- Delivery date: October 2025
Delivery of M/V Italida
We are pleased to share that the handysize bulkcarrier Italida was successfully handed over to her new owners in Cyprus at the end of July.
The vessel had been part of our portfolio for just under four years, following her acquisition in October 2021. During this period, Italida was actively traded worldwide in the spot market by our project partner, Tide Line, who also served as the vessel’s technical manager. Their strong commercial and technical performance contributed significantly to the successful execution of this project, although our normal IRR target was not reached.
We would like to sincerely thank Tide Line for their excellent service and collaboration throughout this time. We look forward to exploring new opportunities together in the future.
- Name: Italida
- Type: Handysize Bulkcarrier
- Size: 28.509 DWT
- Year: 2009
- Shipyard: Imabari Shipbuilding (Japan)
- Acquisition date: October 2021
- Delivery date: July 2025
Delivery of M/V Italida
We are pleased to share that the handysize bulkcarrier Italida was successfully handed over to her new owners in Cyprus at the end of July.
The vessel had been part of our portfolio for just under four years, following her acquisition in October 2021. During this period, Italida was actively traded worldwide in the spot market by our project partner, Tide Line, who also served as the vessel’s technical manager. Their strong commercial and technical performance contributed significantly to the successful execution of this project, although our normal IRR target was not reached.
We would like to sincerely thank Tide Line for their excellent service and collaboration throughout this time. We look forward to exploring new opportunities together in the future.
- Name: Italida
- Type: Handysize Bulkcarrier
- Size: 28.509 DWT
- Year: 2009
- Shipyard: Imabari Shipbuilding (Japan)
- Acquisition date: October 2021
- Delivery date: July 2025