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JP Morgan takes another SwissMarine cape

A couple of months after SwissMarine started marketing the 193,400 dwt Choully (built 2016) and its sistership Chancy (built 2015), the duo have now been sold, brokers tell Splash. First it was Hong Kong’s TCC Group, who added the youngest of the two for some $43m, now Chancy has found a taker with JP Morgan Global Maritime paying handsomely for the Japanese-built ship.

The investment fund has been willing to pay $43m for the bulker in a deal that comes with a seven-year time charter at $16,500 per day. The relatively high price for the ship is on account of the fact that there are relatively few Japanese-built capes being circulated for sale at the moment, brokers explain.

This is the third cape JP Morgan has taken from SwissMarine this year. In September it paid $45m per ship for another pair of SwissMarine Japanese-built capes. In total JP Morgan has taken eight capes in 2017.

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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