History
Norden A/S Technical Agreement
In 2023, our Technical department was selected by Norden A/S to coordinate operations of their Floating Transfer Station (FTS). Operations commenced in September 2023 when the FTS Nord Gabon was loaded onto the Heavy Lift vessel M/V Hua Shen Long.
2023
2022
Safety4Sea Dry Bulk Operator Award
In 2022, we won the Safety4Sea Dry Bulk Operator Award, accepted by our CEO, John Michael Radziwill, in a virtual ceremony.
CTM Launches our RSA App
In 2021 we launched our RSA App for the members of our Capesize and Supramax Revenue Sharing Agreements our leading pools. The app provides members with real time information about their vessels including a map with vessel positions, fixtures and current commitment information, monthly results and forward coverage, and CTM’s market reports.
2021
2020
Supramax RSA surpasses
500 fixtures for the year
CTM’s Supramax Revenue Sharing Agreement (RSA) reached another milestone. In November of 2020, we announced that we concluded our 500th fixture since the beginning of the year putting us on track to exceed 2019’s number of fixtures by 20%.
Stone Shipping is launched
In 2020, we launched Stone Shipping Ltd, a chartering vehicle that charters in Supramax and Ultramax vessels on fixed or floating rate periods. These vessels are in turn employed in our Supramax RSA pool. Through this vehicle, CTM is opening a typically closed sector of the dry bulk industry to investors.
2020
2019
CTM celebrates our 15th Anniversary
2019 marked a significant milestone for the company, as we celebrated 15 years of operation. We could not have reached this anniversary without the hard work of everyone at CTM, many of whom have been with us since the very beginning nor would it have been possible without the trust of our clients, partners and all those we work with on a daily basis.
2019
200 vessels under management
Just two years after surpassing 100 vessels under management 2019 saw the vessels under our management grow to around 200.
Supramax RSA vessels carry 22 million tonnes for the 1st time
In 2018, vessels in CTM’s supramax pool the Supramax Revenue Sharing Agreement (RSA) carried a new record volume reaching 22 million tonnes of cargo transported for the first time in the pool’s history. The Supramax RSA cemented its place as the largest supramax pool on the market. The aim is to continue to grow the Supramax RSA and to do even better in 2019 and beyond.
2018
2017
Greek Shipping Newsmaker of the Year Award
Lloyd’s List Dry Bulk Operator of the Year
CTM won the 2017 Lloyd’s List Dry Bulk Operator of the Year Award. This award was accepted by our CEO John Michael Radziwill at the Lloyd’s List Global Awards ceremony in London. On accepting the award Mr. Radziwill said the following in his acceptance speech: “CTM are very proud to accept this award on behalf of our clients, who have entrusted us to operate their vessels,” he thanked our partners for their continued support, “which has culminated in CTM being recognized as one of the leading companies in the dry bulk industry“.
2017
2017
100 vessels under management
In 2017, CTM’s managed fleet grew to over 100 vessels, marking an important milestone for the company.
GoodBulk Ltd is created
GoodBulk Ltd. is created by Carras’ parent company, Brentwood Shipping and Trading, alongside financial partners. GoodBulk Ltd (N-OTC listed under the symbol BULK) is set up to be an attractive vehicle for investors to access the dry bulk shipping market at an opportune time in the cycle. The company begins operations with two second-hand Capesize vessels increasing to a fleet of twelve vessels within nine months of being set up. CTM becomes the full manager for the fleet providing commercial, technical, operations and administrative services.
2016
2016
Capesize Chartering Limited (CCL) is Launched
With the Supramax RSA proving to be a success, CTM along with fellow founders Compagnie Maritime Belge (Bocimar), Golden Ocean Group Ltd. and Star Bulk Carriers Corp. moved towards formally creating the ‘light pool’ Capesize Chartering Ltd. In the highly competitive and fragmented Capesize industry this cooperation aims to provide efficient trading and operations for its customers with the fleet under management.
CTM gets into Tankers
CTM expanded operations into the Tanker Market, bringing in John Sykes to head up this new arm of our Commercial Department. We began operations with four Suezmax vessels under management with the ability and longer-term view to further expand CTM’s leading ship management to the tanker sector as well.
2015
2015
Capesize Chartering is formed
Capesize Chartering is formed between C Transport Holding, Compagnie Maritime Belge (Bocimar), Golden Ocean Group Ltd., Golden Union Shipping and Star Bulk Carriers as an information-sharing platform.
The Supramax RSA is created.
The concept of Revenue Sharing wasn’t new for CTM, having been active in this market for over a decade thanks to the pools that we inherited from Coeclerici. The Supramax Revenue Sharing Agreement is a twist on the shipping pools we inherited as it shares revenues without being a pool in the traditional sense. Operations commenced in 2013, with five members and thirteen vessels.
2013
2013
Carras takes control of CTM
The Radziwill family brings CTM under the Carras Ltd umbrella adding to their dry bulk shipping interests. CTM continues to be the vessel management company for DryLog, CBC and Carras Ltd.
We got Technical
In the same year that CTM got a new CEO, we also opened up our Technical Department. This has gone on to become a great success and allowed CTM to make the step to become a full management company.
2010
2010
A New Beginning
On the 19th of May 2010, then CEO Gary Weston stepped down as Chief Executive Officer and handed over the reins to current CEO John Michael Radziwill, Gary Weston became CEO of CTM’s parent company Drylog Ltd. “The market brings new opportunities with the continued recovery in the Dry Bulk sector. With Gary in overall control of our dry cargo activities and John Michael looking afresh into expanding the trading activities, Ceres and DryLog reinforce their position as an important player in the shipping markets” – Ilias Iliopoulos.
Carras Ltd is incorporated
In March 2009, Carras Ltd is incorporated and during the year took delivery of part of the fleet from the heritage of the grandfather of John Michael Radziwill, Mr. John Carras, these vessels were instantly placed under CTM’s management.
2009
2008
CTM’s Bulk Logistics Partnerships go active
This year CTM in partnership with Swire Bulk Logistics and PT Mitra Bahtera Segarasjati commenced our Bulk Logistics operations. Operating under the Swire CTM Bulk Logistics & PT Mitra Swire CTM banners, these partnerships brought together three companies that have a global reach and over 130 years of experience in the field of Bulk Logistics. Furthermore, it allowed CTM and our partners to offer tailor-made offshore marine solutions for loading or discharging cargo in challenging locations where ports are unavailable, and our shared experience in the design, build, and operation of transhipment vessels, bulk transfer barges, floating cranes, draft restricted vessels and other specialist ships.
Drylog acquires CTP & CTC shipping pools
This year Drylog took 100% control of the C Transport Capesize (CTC) & the C Transport Panamax (CTP) pools, both of which remained under CTM’s management. This purchase allowed Drylog and CTM to react more quickly to market changes with both CTM and these pools being under Drylog’s ownership.
2007
2006
DBCN remains with CSAV & DryLog
DBCN was a joint venture created by four partners (Drylog, CSAV, Bocimar & Nomikos) that was created in 2004 under CTM’s management. However in 2006 two of the partners (Bocimar & Nomikos) left under mutual consent, with the remaining partners (Drylog & CSAV) purchasing their interest in order keep the company and its operations active in the Supramax and Handymax sectors.
CTM and the Land of the Rising Sun
This year CTM began its very first long term charter with the Nissen group of Japan, with whom we have forged a beneficial partnership which continues to this day.
2005
2004
CTM Is Born
C Transport Maritime was formed out of the acquisition of Coeclerici Group’s management activity and bulk carrier pools by DryLog. These pools were amongst the largest globally operating over 100 ships (Capesize and Panamax). The company moved from Genoa to Monaco relocating the majority of the team and bringing invaluable expertise to the heart of the Principality, with newly appointed CEO Gary Weston at the helm.
CTM becomes the management arm of DryLog and other clients managing the Capesize (CTC) and Panamax (CTP) pools together with the newly created DBCN a joint venture between DryLog, Bocimar, CSAV and Nomikos to take advantage of opportunities in the Supramax market.