Danish offshore shipping player Esvagt is reported to be up for sale as its private equity owners seek to exit.

The Danish news website Inside Business reported that JP Morgan and Deutsche Bank have been brought in by 3i Infrastructure and AMP Capital to find a buyer.

They are hoping to achieve a price of DKK 6bn ($947m), six years after acquiring the business from AP Moller-Maersk for DKK 4bn.