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JP Morgan Global Maritime exits kamsarmax sector

JP Morgan Global Maritime has sold its last two kamsarmax sister vessels, the 2013-built 82,000 dwt Peak Pegasus and the 2015-built Peak Liberty.

Multiple brokers note that the ships were sold for over $50m en bloc. No buyer has been revealed.

JP Morgan Global Maritime acquired the 82,000 dwt bulker Peak Pegasus in a bank-driven sale from United Ocean Group four years ago for $21.5m. The Peak Liberty was bought from the same owners a couple of months later for $25m.

JP Morgan Global Maritime’s last reported sale was sealed in April, offloading the 2013-built vessel Peak Proteus for just over $21m to Castor Maritime.

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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