Singapore commodities trader Rhodium Resources has moved ahead with plans to buy more bulkers, according to market reports.

Brokers say it has purchased the 57,000-dwt Sibai and Saratov (both built 2011) for $11.9m each. TradeWinds was unable to confirm the deal with Rhodium, as its offices were closed for a public holiday.

Equasis reports the ships are owned by Russia's Fesco, but a spokeswoman said they have not been in the company's control for several years.