JP Morgan turns to product tankers

JP Morgan Global Maritime has switched its focus away from bulkers. Having done deals for 15 bulkers, mainly capes, since 2016 the Andy Dacy-led shipping vehicle of the US bank is now linked by brokers as taking the Desert Marine, a 50,000 dwt product carrier, and the last remaining tanker in Greece’s Atlantic Bulk Carriers fleet.

JP Morgan Global Maritime is now listed with 25 ships in VesselsValue’s database, including four VLGCs and four boxships.

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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