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.
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.
DBCN remains with CSAV & DryLog
DCBN 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.
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.
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 have brought together three companies that have a global reach and over 130 years of experience in the field of Bulk Logistics. Further more it allows 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 transshipment vessels, bulk transfer barges, floating cranes, draft restricted vessels and other specialist ships.
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.
A New Beginning
On the 19th of May 2010, then CEO Gary Weston stepped down as Chief Executive Officer and handed over the reigns 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.
We got Technical
In the same year that CTM got a new CEO, we also opened up our Technical Department bringing in Antonis Lygakis to head up this new department. This has gone on to become a great success and allowed CTM to make the step to become a full management company.
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.
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.
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.
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.
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.
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.
100 vessels under management
In 2017, CTM’s managed fleet grew to over 100 vessels, marking an important milestone for the company.