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

7 Years

Average Age

50,000 - 64,000

Vessel Sizes

Tonnage carried in 2022

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 2022

Ship Name Deadweight Vessel Type Year Built Shipyard Flag  
CMB Van Dijck 65,395 Supramax 2020 Shin Kasado Panama
CMB Floris 63,628 Supramax 2021 Tadotsu Shipyard Singapore
CMB Matsys 63,620 Supramax 2021 Shin Kasado Panama
CMB Teniers 63,611 Supramax 2021 Shin Kasado Panama
CMB Rubens 63,514 Supramax 2018 Imabari Marshall Isl.
Italian Bulker 63,482 Supramax 2017 Imabari Panama
Nefeli 63,466 Supramax 2016 Jinglu Malta
Bulk Bolivia 63,465 Supramax 2016 Imabari Panama
CMB Jordaens 63,447 Supramax 2019 Imabari Panama
Belinda 63,338 Supramax 2016 Hantong Norway
Achi 63,301 Supramax 2012 Yangzhou Dayang Singapore
BBG Leader 63,241 Supramax 2015 Chengxi Liberia
CL Anzi He 63,077 Supramax 2020 New Dayang Shipbuilding Hong Kong
Unity Endeavour 61,617 Supramax 2014 NACKS Bahamas
Dolce Vita 61,616 Supramax 2012 Oshima Liberia
Bulk Guatemala 61,446 Supramax 2013 Imabari Panama
Red Azalea 61,299 Supramax 2015 Imabari Panama
Golden Glint 61,297 Supramax 2015 Imabari Marshall Isl.
Victoria T 61,266 Supramax 2017 Toyohashi Panama
CMB Chikako 61,229 Supramax 2014 Imabari Panama
FJ Star 61,225 Supramax 2016 Toyohashi Panama
Aquaprosper 61,208 Supramax 2015 Imabari Liberia
FJ Viola 61,174 Supramax 2020 DACKS Panama
Amis Star 61,123 Supramax 2019 DACKS Liberia
KN Fortune 61,028 Supramax 2020 DACKS Dalian Singapore
Ionic Unicorn 60,425 Supramax 2016 MES Marshall Isl.
Medi Norfolk 60,384 Supramax 2019 MES Panama
Medi Brisbane 60,336 Supramax 2016 Mitsui Panama
Golden Cecilie 60,263 Supramax 2015 JMU Hong Kong
Red Sakura 60,245 Supramax 2017 Oshima Singapore
Annegrit 60,220 Supramax 2016 Onomichi Singapore
Navios Amaryllis 58,735 Supramax 2008 Tsuneishi Zhoushan Panama
Navios Celestial 58,063 Supramax 2009 Tsuneishi Panama
ST Paul 57,982 Supramax 2010 Tsuneishi Cebu Marshall Isl.
Alis 57,981 Supramax 2013 Zhejiang Marshall Isl.
ST George 57,959 Supramax 2012 Tsuneishi Cebu Marshall Isl.
ST Pinot 57,949 Supramax 2013 Tsuneishi Cebu Marshall Isl.
Medi Aero 57,517 Supramax 2016 Tsuneishi Panama
SFL Yukon 56,869 Supramax 2010 Xiamen Hong Kong
CS Sonoma 56,704 Supramax 2010 Jiangsu Hantong Bahamas
Ionic Spirit 56,119 Supramax 2010 MES Marshall Isl.
Aquitania 55,932 Supramax 2006 MES United Kingdom
Bulk Manara 55,692 Supramax 2010 MES Liberia
E.R Bristol 55,659 Supramax 2011 Hyundai Mipo Liberia
E.R. Bordeaux 55,621 Supramax 2011 Hyundai Mipo Liberia
Maple Harbour 53,832 Supramax 2011 IHI South Korea
RINA Certified Management System ISO 9001 ISO 14001