AmericasDry CargoEurope

JP Morgan grabs five ultramaxes en bloc from Setaf Saget

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.

Tags

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button
Close
Close