CTM continues to grow Supramax Revenue Sharing Agreement
CTM’s Supramax Revenue Sharing Agreement continues to welcome new members as well as additional vessels from existing members. Starting off the year with 29 vessels in the Supramax RSA , we are ending the first quarter of the year with 41 vessels on the water. This gives our customers (charterers and end-users) a globally positioned fleet and vessels that can be made available with a shorter spread between loading dates. To our members we are offering a good performance within a flexible structure, the market knowledge and experience of CTM staff all the whilst avoiding unnecessary fees which we deem excessive.
The latest companies to join the Supramax RSA are Gestioni Armatoriali, Shamrock Maritime and Technomar with a total of four vessels. Meanwhile existing members Navios, CBC and Nautical Bulk Holdings have added more vessels bringing their participation to seven, three and eight vessels respectively. In February alone, we have welcomed ten more Supramax/Ultramaxes to join the globally trading RSA fleet.
We are meticulous in the process of bringing in new entrants and every new addition to the RSA is always evaluated on its benefits to the existing members and the potential added value to our clients.
The managers, CTM, benchmark performance against the Baltic Exchange Index with the aim to deliver a good service and the best returns possible for its members with relatively excellent results achieved in the first three years of operation.
Flexibility without unnecessary costs
- No daily administration fees are charged in the RSA;
- only 1.25% commission No withdrawal fees;
- Flexible 3 months exit notice
Facts and Figures of CTM
- spot managed fleet today
- Average DWT: 59,600 dwt
- Average age: 4 years
- Sizes: 53,000-64,000 dwt
CONTACT: commercial@ctmmc.com / Tel: +377 97 98 59 00
ABOUT CTM
CTM is a highly qualified and experienced vessel management company in the dry cargo ocean transport industry. Established in Monaco in 2004, the company currently manages a fleet of 90-100 dry cargo vessels in the Supramax, Panamax and Capesize segments. All operations are centralised in the Monaco office where all 70 staff are employed to optimise communication between departments and ensure an optimum service to our clients. The company’s foundations are based on its technological expertise and the professionalism of its managers and employees all of whom have years of experience in the commercial, operational and technical management of dry cargo vessels and good seamanship. The company is also active in offshore dry bulk logistics in a joint venture with Swire Group’s The China Navigation Company Pte. Ltd. Find out more at www.ctmmc.org.