JP Morgan Tied to Bulker Purchase

first_imgJP Morgan Global Maritime is said to have set sights on buying the 2012-built Supramax bulk carrier Ocean Symphony.The company allegedly entered into a sub-sale agreement with Japan-based United Ocean Group, according to information provided by VesselsValue.Once the transaction is completed, the 58,100 dwt Ocean Symphony will be bought for USD 15.2 million.Currently, the market value of the 32,311 gross ton bulker stands at USD 16.06 million.Featuring a length of 190 meters and a width of 32.3 meters, the ship was built at Tsuneishi Cebu shipyard in the Philippines.Earlier this month, World Maritime News reported that JP Morgan Asset Management raised USD 480 million from insurers and pension funds aimed at investing into distressed shipping assets. The fund sparked considerable interest as the shipping sector proved to be one of the sluggish ones abounding in cheap assets.World Maritime News Stafflast_img read more

Starlets ‘91 is the most talented team I’ve coached – Otto Pfister

first_imgGerman trainer, Otto Pfister, has enjoyed a rich career in football, managing some of the best teams on the African continent.The 82 year old has been in charge of African heavyweights with Ghana’s Black Stars (1992), and Cameroon’s Indomitable Lions (2008) on top of that list.Pfister was also in charge of Egyptian Giants, Zamalek, winning five trophies in his three years in charge.But Pfister has identified the Ghana Black Starlets squad of 1991, with whom he won the 1991 FIFA U-17 World Cup, as the most talented team he’s ever coached.”The most talented team for me was the Starlets 91 side,” he said.“They were such a talented team. We had the likes of Sammy Kuffuor, who like Tony Yeboah became a legend in the German Bundesliga.“We had Mohammed Gargo, Alexander Opoku and Nii Odartey Lamptey,” he added.last_img read more