JP Morgan Exits Kamsarmax Sector

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JP Morgan Global Maritime sold its last two kamsarmax sister vessels, the 2013-built 82,000 dwt Peak Pegasus and the 2015-built Peak Liberty, says an article published in Splash 247.

Estimated Sale Rate

Multiple brokers note that the ships were sold for over $50m en bloc. No buyer has been revealed.

About the previous Deal

JP Morgan Global Maritime acquired the 82,000 dwt bulker Peak Pegasus in a bank-driven sale from United Ocean Group four years ago for $21.5m. The Peak Liberty was bought from the same owners a couple of months later for $25m.

Past Sales

JP Morgan Global Maritime’s last reported sale was sealed in April, offloading the 2013-built vessel Peak Proteus for just over $21m to Castor Maritime.

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Source: JP Morgan