Supramax RSA

Supramax Revenue Sharing Agreement

The Process

In CTM’s Supramax Revenue Sharing Agreement (RSA), all of the vessels are run together and the incomes generated are distributed to the members according to the revenue earning capabilities of their vessels within the Agreement.

  • A Revenue Sharing Key establishes the relative theoretical earning capacity of each Member Vessel on a time charter basis (based on the description of that Member Vessel)
  • The vessel is assessed by CTM’s chartering managers on the basis of tradability and performances (Dwt, Cubic Capacity, Draft, Service, eco speed & consumption, grabs etc) and a Revenue Sharing Key is established.
  • The Key is calculated on the basis of the 10 Supramax index routes as published by the Baltic Exchange and based on the RSA Matrix (covers WW trading).
  • Vessel performances are constantly being monitored and in the case that a vessel is over/under performing the Revenue Sharing Key is then reassessed.

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


Average DWT

6 Years

Average Age

50,000 - 64,000

Vessel Sizes

Tonnage carried in 2019

World Class Operator

World class operator provides hassle free chartering of vessels

Collective Intelligence

More vessels = increased information and more opportunities


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

Number of RSA Members

Number of Vessels in the Pool

RSA Cargoes % carried in 2019

Ship Name Deadweight Vessel Type Year Built Shipyard Flag  
Nautical Anne63,593Supramax2016Jiangsu HantongLiberia
Nautical Runa63,577Supramax2015Jiangsu HantongLiberia
Nautical Loredana63,556Supramax2015Jiangsu HantongLiberia
Nautical Hilary63,530Supramax2015Jiangsu HantongLiberia
CMB Rubens63,514Supramax2018ImabariMarshall Isl.
Nautical Alice63,514Supramax2016Jiangsu HantongLiberia
Nautical Lucia63,501Supramax2015Jiangsu HantongLiberia
Bulk Bolivia63,465Supramax2016ImabariPanama
CMB Jordaens63,447Supramax2019ImabariPanama
Nautical Georgia63,436Supramax2017Jiangsu HantongLiberia
Nautical Madison63,371Supramax2018Jiangsu HantongLiberia
Sage Amazon63,301Supramax2012YangzhouLiberia
Sage Sanaga63,301Supramax2013YangzhouLiberia
All Star Atlas63,250Supramax2014Yangzhou DayangMarshall Isl.
Oslo Venture63,234Supramax2015ChengxiHong Kong
Red Orchid61,645Supramax2015NACKSPanama
Amis Wisdom I61,611Supramax2010OshimaPanama
Amis Brave61,467Supramax2013Shin KasadoPanama
Bulk Guatemala61,446Supramax2013ImabariPanama
Bulk Atacama61,384Supramax2014ImabariSingapore
Red Azalea61,299Supramax2015ImabariPanama
Victoria T61,266Supramax2017ToyohashiPanama
Red Cosmos61,263Supramax2015ImabariMarshall Isl.
Red Daisy61,254Supramax2016ImabariPanama
La Tonda61,241Supramax2016Iwagi ZosenBelgium
CMB Chikako61,229Supramax2014ImabariPanama
FJ Star61,225Supramax2016ToyohashiPanama
Olympia.Gr61,222Supramax2018Shin KurushimaPanama
Ionic Unicorn60,425Supramax2016MESMarshall Isl.
Golden Cecile60,263Supramax2015JMUHong Kong
Golden Cathrine60,263Supramax2015JMUHong Kong
Red Sakura60,245Supramax2017OshimaSingapore
Bulk Costa Rica58,758Supramax2012NACKSSingapore
African Jacana58,753Supramax2012NACKSPanama
Medi Segesta58,730Supramax2009Tsuneishi CebuPanama
Bulk Patagonia58,723Supramax2012KawasakiPanama
Amis Orchid58,120Supramax2012TsuneishiPanama
Medi Hakata58,078Supramax2014ToyohashiPanama
Golden Hawk58,068Supramax2015ToyohashiPanama
ST Paul57,982Supramax2010Tsuneishi CebuMarshall Isl.
Bulk Honduras57,959Supramax2012Tsuneishi CebuLiberia
ST George57,959Supramax2012Tsuneishi CebuMarshall Isl.
ST Pinot57,949Supramax2013Tsuneishi CebuMarshall Isl.
Sage Symphony57,949Supramax2012Tsuneishi CebuLiberia
Bulk Colombia57,937Supramax2011Tsuneishi CebuLiberia
Bulk Ecuador57,937Supramax2011Tsuneishi CebuPanama
Bulk Peru57,937Supramax2011Tsuneishi CebuPanama
Bulk Uruguay57,937Supramax2011Tsuneishi CebuLiberia
Medi Yokohama57,905Supramax2014Tsuneishi ZhoushanPanama
Medi Manila57,903Supramax2014Tsuneishi ZhoushanPanama
Serene Jessica57,275Supramax2010STX DalianBahamas
Serene Juniper57,185Supramax2011STXBahamas
Sea Star56,951Supramax2014JiangdongMarshall Isl.
SFL Yukon56,869Supramax2010XiamenHong Kong
SFL Sara56,856Supramax2011XiamenHong Kong
CS Sonoma56,704Supramax2010Jiangsu HantongBahamas
Serenitas N56,644Supramax2011Yangzhou GuoyoMarshall Isl.
Ionic Spirit56,119Supramax2010MESMarshall Isl.
Loch Crinan56,108Supramax2013OshimaPanama
Bulk Phoenix56,088Supramax2013MESPanama
Ionic Storm56,032Supramax2005MESMarshall Isl.
Aquitania55,932Supramax2006MESUnited Kingdom
Medi Paestum55,614Supramax2009MESMarshall Isl.
Medi Bangkok53,466Supramax2006ImabariMarshall Isl.
S’hail Al Ruwais52,817Supramax2001OnomichiQatar
S’hail Al Doha52,455Supramax2002Tseuneishi CebuQatar
RINA Certified Management System ISO 9001 ISO 14001
UKAS and ISO 9001 and ISO 14001