Panamax RSA

Panamax Revenue Sharing Agreement

In March 2025, CTM announced a significant revamp and the reintroduction of its Panamax RSA, with the aim of replicating the successful model of the Supramax RSA, which has been running successfully for 12 years.

This strategic update comes as the average outperformance of CTM’s Panamax fleet vis a vis the BPI was 5% in the period 2022-2024. In the previous decade, CTM managed the largest Panamax pool in the market, but after a certain point, avoided the sector due to the fleet profile. The revamp reflects CTM’s commitment to enhancing its offerings in the Panamax segment.

All vessels associated with the Panamax RSA operate in the spot market and are managed directly by CTM. This allows us to leverage our expertise in operational and commercial management at minimal cost. We maintain a flexible structure, which simplifies the process for owners to enter or exit the RSA, providing them with operational flexibility for their vessel(s).

Flexibility without unnecessary Costs

No Daily Administration Fees are charged to the members of the RSA, only a 1.25% commission.
NO withdrawal fees
Flexible 3 months exit notice

Facts and figures of CTM spot managed fleet today

82,000

Average DWT

6 Years

Average Age

70,000 – 95,000

Vessel Sizes (dwt)

World Class Operator

World class operator provides hassle free chartering of vessels

Collective Intelligence

More vessels = increased information and more opportunities

Diversification

Diversification by charterer so as to spread any potential counter-party risk

Spot Market

All chartering to be done on the spot market

Long Standing Experience

Long standing chartering experience with major operators/charterers

Commercial Management

Round the clock commercial management, chartering and operations

Ship Name Deadweight Vessel Type Year Built Shipyard Flag  
Red Lily 81,855 Panamax 2017 Tsuneishi Panama
Aquagrace 81,791 Panamax 2017 Tsuneishi Panama
RINA Certified Management System ISO 9001 ISO 14001