August 9, 2023
CTM are pleased to welcome XT Shipping to our Supramax RSA pool. XT Shipping is an established ship owner and the shipping arm of XT Group headquartered in Haifa, Israel.
CTM is pleased to announce that, last week, on 12 July 2023, CTM ltd took delivery of the M/V Karo T a 63,500 dwt newbuilding Ultramax bulk carrier at the Shin Kasado shipyard in Japan.
During the first half of 2023 the Baltic Supramax Index (BSI) averaged $10,457 per day, down 61% compared to the same period last year.
We are happy to report that in the first six months of the year, our Supramax RSA pool outperformed the BSI by 6.5%.
CTM is pleased to announce that earlier today one of our clients took delivery of the M/V Bulk Monaco a newbuilding Ultramax bulk carrier of 63,733 dwt built at Imabari shipyard. The vessel was acquired by a client of ours from a local Japanese owner as a resale last year and will trade in CTM’s Supramax Revenue Sharing Agreement alongside circa 60 other vessels.
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