JP Morgan Global Maritime has taken over five ultramax bulk carriers from French dry bulk shipping operator Setaf Saget.
According to data from Vesselsvalue, the five vessels, JS Columbia, JS Danube, JS Colorado, JS Amazon, JS Sanaga, all built by China’s Dayang Shipbuilding, were sold en bloc to JP Morgan Global Maritime for $85.8m in total.
JP Morgan Global Maritime has been active in the second hand bulker market lately. It has acquired two supramax bulkers, two capesize bulkers and five ultramax bulkers since January.