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.