Jhonlin Marine Transport (JMT) of Indonesia has bought an ultramax bulker after a sister company ordered eight vessels of the same type in Japan.
JMT, the shipping arm of one of Indonesia’s largest coal miners, has acquired the 60,800-dwt Sagar Kanta (built 2013) from Tata NYK Shipping for $19.5m, according to Indonesian dry bulk sources.
The deal was concluded at the end of April, with JMT getting prompt delivery.
