Raffles Shipping is growing both on the tanker and dry side and has emerged as the buyer of a South Korean-owned chemical tanker auctioned in Hong Kong two weeks ago.
Raffles, the Singapore-based shipping company controlled by commodities trader Wilmar International, offered a reported $10m for the 13,000-dwt KY Venus (built 2010) when it was put up for auction by the Hong Kong High Court bailiff on 16 August.
