⚓ Gosships Intelligence
Gosships Intelligence Is Published At Gosships.com
For Sponsorship And Partnership Inquiries Contact intelligence@gosships.com
|⚓ About Us | 🛢️ Exclusive Report | 📋 SwiftAction Training |
🏅Black Gold Membership (*53 Slots Left)
J.P. Morgan Asset Management, part of JPMorgan Chase, is tied to at least 28 newbuildings contracted this year, on this brief’s count of shipyard filings, broker reports and trade press. In late May, Andrian Dacy, the asset manager’s Global Head of Transportation, put its own count at more than 30 newbuildings of tankers and gas carriers in about six months. The vessels are being bought for funds that the asset manager runs for institutional investors, and the reasons it gives are demand from charterers, scarce shipyard capacity and an aging world fleet. Eighteen of the 28 appear in South Korean filings: 16 at Samsung Heavy Industries, filed for a buyer described only as a Bermuda region shipowner, and two at Hanwha Ocean, filed for a North America region shipowner. Together those 18 are worth KRW3.46 trillion, about $2.33 billion at the exchange rate each filing states. The other 10 were reported at Chinese yards. The 24 vessels with a filed or reported price come to about $2.87 billion, and four VLCCs without a confirmed price take the total above $3 billion. At Samsung alone, the 16 are more than a third of the 46 merchant vessels the yard has booked this year, including seven of its 14 crude oil tankers. Shipbrokers, shipbuilding sources and the trade press tie most of the orders to Global Meridian Holdings, the asset manager’s Bermuda-based shipowning platform, and the three LNG carriers to a second platform, Oceonix. This brief sets out what was ordered, where and for how much, how JPMorgan’s own count compares, whose money it is, why JPMorgan says it is buying, who has chartered its vessels before and what the orders mean for tanker owners, charterers, lenders and compliance officers.
📋 In This Issue:
⚖️ The Story:
What the filings and brokers show, what JPMorgan says it has ordered, more than a third of one yard’s book, oil tankers or gas carriers, whose money it is, why JPMorgan says it is buying, who has chartered its vessels before, the case against this brief and what the record supports
📊 By The Numbers:
The 28 vessels, the 18 in shipyard filings, the 16 of 46 at Samsung Heavy, JPMorgan’s own count and the split between oil and gas
🌍 Why It Matters:
What it changes for the tanker owner and broker, the charterer and trader, the lender and the compliance officer
👀 What To Watch:
The next filing, the next total, the options, the first named charterer, the deliveries and the falsifier that would change this brief’s reading
🚨 Gosships Signal:
What the count measures, whose money it is and what this brief could not find
