United Arab Emirates
Sand One Holdings Limited is a UAE-based bulk carrier shipowner established in 2014 in JAFZA, Dubai. The company operates a fleet of handysize bulk carriers (25,000–35,000 DWT) and performs worldwide commercial chartering through RIX Shipmanagement, which manages the vessels from offices in Riga, Larnaca, and Tallinn. Sand One Holdings Limited serves 180+ countries with its fleet, operating under the flag of Liberia and classed by ABS. The company has been expanding its fleet and investing in modern tonnage since its inception, with a focus on reliability and long-term partnerships. In 2022, exceptional market rates allowed Sand One to operate debt-free, reinvesting earnings into the business. Today, the company is committed to reducing the average age of its fleet, increasing deadweight capacity, and embracing green technologies.
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