Banking giant JP Morgan has continued its purchase spree with a raid on London shipowner Navig8 Group.
Norwegian sale-and-leaseback company Ocean Yield said Navig8 had exercised options to sell the 111,000-dwt LR2 tankers Navig8 Pride and Navig8 Providence (both built 2018) that are chartered long-term to Navig8.
The vessels are owned by a joint venture 50% controlled by Ocean Yield.
