JPMorgan Asset Management is planning on launching a fund that will invest in distressed shipping assets and provide capital to debt-loaded operators in the shipping industry, according to reports.
The firm will reportedly aim to raise $750 million from Indian and other Asian institutional investors.
The fund aims to support fleet operators in their expansion plans, assisting companies that are unable to source credit.
The strategy is reportedly to buy lower-priced shipping assets, such as dry bulk carriers, oil tankers, container ships, and offshore vessels and lease them to companies that require additional transport infrastructure resources.
D.C.