Geneva trader Reuben Brothers has broken into shipowning in a move that compliments its growing mining and bulk trading interests, which have seen it secure exclusive raw-materials export rights in Morocco and Indonesia.
This week’s investment in six kamsarmax bulkers at South Korea’s Sungdong Shipbuilding & Marine Engineering is being viewed in the market as a bid to take advantage of low newbuilding prices and to meet the company’s growing dry bulk transport needs.
Reuben
