JP Morgan newcastlemax gets stuck in BrazilMay, 17, 2023 Posted by Gabriel Malheiros
Liberian-flagged newcastlemax bulk carrier True Conrad has been stuck in Brazil since last Thursday. The 2017-built 207,600 dwt ship owned by Global Meridian Holdings, part of JP Morgan Asset Management, reportedly grounded in Ilha Grande Bay on May 11.
Local media, citing the State Environmental Institute – Inea, said that there is no risk of oil leakage at the moment.
Inea also said that the bulk carrier lost control of the rudder when leaving the port through the access channel, colliding with the continental slope, which damaged part of its hull. The vessel was towed to a site where it awaits anchored for repair.
The ship, managed by Synergy Maritime, is in the service of Companhia Siderúrgica Nacional (CSN), transporting thousands of tonnes of iron ore to Singapore. It left Itaguai, Brazil, on May 10 and was due to arrive in Singapore on June 11.
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