HONG KONG—International Rubber Study Group has a new member in Caravel Group Ltd.
The company describes itself as a "global conglomerate focused on providing leading maritime services, the trading and logistics of dry bulk raw materials, investment management, and strategic asset ownership."
Caravel Group, based in Hong Kong, has three primary operating units, Caravel Asset Management, Caravel Maritime and Caravel Resources.
IRSG has a goal of "improving the transparency of the world rubber market and strengthening the international cooperation on rubber issues," according to its website.
Membership in the Singapore-based group includes producers, associations, processors, traders, financial institutions, tire companies, research and development firms, logistics providers and general rubber goods makers.