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.