ReubenBrothers says it is looking to build “a powerful shipping franchise” by way ofa joint venture dubbed RB British Marine, which is billing itself as a shipmanagementand trading company.
Initiallythe joint venture will operate a fleet of bulkers that are owned by thetwo partners but it also intends to provide commercial and technical management totonnage controlled by third parties, according to a statement.
BritishMarine has committed all seven of its supramaxes to the partnership, which willalso oversee a series of kamsarmaxes the private equity firm recently ordered at Sungdong Shipbuilding & Marine Engineering of South Korea upon delivery.
When contacted byTradeWinds spokesman Charles Stewart-Smith said each of the companies controla 50% stake in the new joint venture and indicated Reuben Brothers’ initial investment...
