Cetus Maritime buys Australia’s Rhumb Maritime

Hong Kong dry bulk giant Cetus Maritime has acquired Australian outfit Rhumb Maritime.

Rhumb Maritime, now rebranded as Cetus Maritime (Australia), was established as a chartering group providing shipowner representation and commercial agency in the dry mini and handysize sector.

“This continues what has been nearly two decades of cooperation between Cetus and Rhumb, which has ably represented Cetus Maritime in the Australian market and provided a hands on, expert, on-the-ground presence for our valued Australian customers,” Cetus stated in a release. 

Cetus Maritime has been a consolidator within the fragmented handy bulk space. 

In 2023, Cetus Maritime was created via the merger of Asia Maritime Pacific and Hamburg Bulk Carriers.

A year later, the Hong Kong bulker outfit merged its fleet with Chile’s Nachipa Corp.