Norway's Gram Car Carriers is expanding its fleet with two vessels purchased from German shipowner Manfred Lauterjung.

A KS (limited partnership) company set up by Ness, Risan & Partners has purchased the 4,900-ceu Mediterranean Sea and Arabian Sea (both built 2010), founding partner Ragnvald Risan confirmed.

He said the price of the two car carriers was “very attractive” for the investors.