JP Morgan Asset Management has added some context to its prioritisation of the US-flagged market as a new area for its far-flung investment portfolio.
Managing director Andrian “Andy” Dacy said expected growth in the market and technological changes are factors in its acquisition of the company behind US-flagged operator Schuyler Line Navigation of Maryland.
“Given ongoing developments globally, it is likely that the US-flag market will continue to grow in size and diversity in the years to come,” Dacy said on Friday in a message to TradeWinds.
