Supramax RSA Summary 2021

2021 CTM Supramax RSA Figures

2021 was an exceptional year for the dry bulk market with rates hitting their strongest levels in over a decade (and since 2008 for the Supramaxes) so being on the spot market was the most lucrative option for an owner! 

Chief Commercial Officer, Carlos Pena¬†said ‚Äú2021 was a fantastic year for the dry bulk market, a lot of it being pandemic-driven, and despite a steeply rising index we returned the market to our members. The RSA is a¬†results-driven, owner-oriented platform¬†providing¬†efficiencies and¬†flexibility at a very low cost¬†going over and beyond just being a simple vessel managing vehicle‚ÄĚ.¬†

With an average of 68 vessels over the year, the CTM Supramax Revenue Sharing Agreement (RSA) once again proved itself to its members and to the market delivering outstanding results with an average monthly outperformance of +5% over the second half of the year and a strong +15% in the fourth quarter vis a vis the Baltic Supramax Index (BSI 58). 

2021 Highlights: 

  • 24,000 days fixed worldwide.
  • A standard BSI 58-type vessel earned almost $9.0 million¬†net in the RSA.
  • 430 fixtures¬†concluded¬†in 2021, the equivalent of 36¬†fixtures¬†per month,¬†which shows our commercial management team‚Äôs¬†experience¬†and¬†strong presence in the¬†spot¬†market day-in, day-out.¬†
  • RSA vessels achieved a utilization rate of 97% despite the¬†challenges faced (delays¬†and congestion,¬†quarantines, reduced¬†country¬†trading options¬†etc)¬†which is one of the main advantages of pooling vessels together.¬†
  • CTM‚Äôs commercial and operations teams assisted RSA members with¬†31¬†crew changes¬†(about one in two ships)¬†and 21¬†dry docks/special surveys.
  • RSA vessels carried close to 24 million tonnes of cargo¬†(over 50¬†different types!)¬†and¬†loaded cargoes¬†at¬†59 different countries.¬†
  • We fixed with¬†around 160¬†separate¬†counterparties¬†and¬†55¬†brokers.¬†
  • Offered our clients 24/7 service with worldwide market coverage via our chartering people in¬†Europe and Asia.
  • 55 vessel movements in 2021 (entries & exits).¬†
 
What is more in 2021 we launched our in-house CTM RSA App where our members can see the RSA’s actual results, live fixture updates, CTM’s market reports, live vessel positions, forward coverage and rate information. 

Go to www.ctmmc.com/pools/supramax/ to find out more! 

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