Supramax RSA Meeting May 2022

Supramax RSA Meeting May 2022

We are delighted to announce that we just had our first bi-annual Supramax RSA meeting in 2022. This was the first meeting that we have been able to have in-person with our members since 2019 when the Covid 19 pandemic first erupted onto the scene and we were forced to have our meetings digitally via video conferencing.

 The meeting was hosted by d’Amico, who has four vessels in our Supramax RSA, and was held at the historic Palazzo Colonna one of Rome’s oldest private palaces. We can’t thank our friends at d’Amico and Confitarma (The Italian Ship Owners Association) enough for hosting us at this seat of the Italian Renaissance to have a little ‘rennaissance’ of our own as we get back to business as usual. 
 
The meeting was attended by representatives from all CTM’s 15 Supramax RSA members, either in person or virtually via videoconferencing.
Supramax RSA meeting Group Photo

We were all very happy to get back together and share our opinions and views on the market. It’s been a challenging start to the year with some unexpected curve balls being thrown which impacted the market in their own way. Be it the unpredictable supply shocks, the Indonesian ban on coal exports in January or the outbreak of the war between Russia and Ukraine in February. Despite these significant hurdles, the Supramax RSA still managed to outperform the benchmark index by over 7% during the January – April period. 

In the past six months, the RSA’s performance has been outstanding, with results being on average 14% above the benchmark index since November 2021. 

We could not have achieved these results without the trust of our members and the knowledge sharing that takes place inside the RSA. This we all benefit from and our bi-annual Supramax RSA meetings help to reinforce the value we place in open and honest communication with our members.

We expect the Supramax market to be well supported in the coming months thanks to limited fleet growth, and strong demand for minor bulk cargoes and we will continue to work together as we seek to maximise returns and outperform the market. 

Click here to learn more about the Supramax RSA, the largest and most flexible Supramax pool on the market today. 

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