Peter Norborg-led Swire Bulk has decided it is time to prune its fleet. The 25-ship strong player is widely reported to be selling three open-hatch bulkers for close to $60m.
Sources widely tip JP Morgan to be the highest bidder for the ships. The trio in question were built at Chengxi Shipyard in 2015 and named Fengning, Funing and Foochow.
The price is down from another Swire sale sealed in March in a second deal between JP Morgan and Swire this year. In March, JP Morgan purchased another sister trio from Swire Bulk, the 2014-built Wulin, Erisort and Erradale. These workhorses were sold for about $1m more each.
