C Transport Maritime linked to $185m Rosco fleet acquisition

C Transport Maritime linked to $185m Rosco fleet acquisition

John Michael Radziwill has been linked by brokers to the acquisition of the entire fleet of China’s Rewood Ocean Shipping (ROSCO) for $185m.

The ROSCO fleet consists of seven panamaxes, three kamsarmaxes and one capesize. All of the vessels are Japanese-built with the exception of two kamsarmaxes which were built at Tsuneishi’s yard in Zhoushan.

It is expected that the deal is with Radziwill’s C Transport Maritime rather than GoodBulk, with CTM having set up a panamax pool in March 2016. CTM has just five panamaxes in its fleet at the moment, compared to 32 capesizes and 59 supramaxes supporting its pools in those segments.

Hebei-headquartered Rewood Ocean Shipping is a subsidiary of Chinese private grain products trader Hopefull Grain and Oil Group. The company was hit by a financial crisis and closed its Shanghai office to cut costs in 2016.

 

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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