Peter Norborg-led Swire Bulk has determined it’s time to prune its fleet. The 25-ship robust participant is broadly reported to be promoting three open-hatch bulkers for near $60m. 

Sources broadly tip JP Morgan to be the very best bidder for the ships. The trio in query had been constructed at Chengxi Shipyard in 2015 and named Fengning, Funing and Foochow

The value is down from one other Swire sale sealed in March in a second deal between JP Morgan and Swire this 12 months. In March, JP Morgan bought one other sister trio from Swire Bulk, the 2014-built Wulin, Erisort and Erradale. These workhorses had been offered for about $1m extra every.