JP Morgan adds its first kamsarmax

JP Morgan adds its first kamsarmax

JP Morgan Global Maritime continues to make headlines in the secondhand market. This week broking sources tell Splash that the bank has picked up a bulker from collapsed Korean owner Hanjin.

The acquisition marks JP Morgan’s entry into the kamsarmax space. Brokers report JP Morgan has bought the Tsuneishi-built, 82,000-dwt Hanjin Paradip for $21.3m.

The growing outfit has been digging deep into its pockets picking up bulkers all year and this will be its eleventh bulker acquisition to date including two ex-Hanjin capes. It is also in for newbuilds, having signed a letter of intent for 12 larger bulkers worth up to $500m.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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