Rhodium Resources enters shipowning with supramax acquisition

Rhodium Resources enters shipowning with supramax acquisition

Singapore-based commodity trading company Rhodium Resources has acquired three secondhand supramax bulk carriers, marking the company’s entry into the shipowning sector.

According to the latest shipbroking report by Advanced Shipping & Trading, Rhodium Resources has bought Chinese-built 57,000 dwt bulk carriers Smolensk, Sibai and Saratov from Russian owner FESCO at a price of $11.9m each.

Rhodium Resources mainly trades iron ore, coal and agricultural products and it operates chartered vessels via its fully owned shipping unit Bluefield Maritime.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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