Supramax RSA Summary 2021

2021 was an exceptional year for the dry bulk market with rates hitting their strongest levels in over a decade (and since 2008 for the Supramaxes) so being on the spot market was the most lucrative option for an owner! 

Chief Commercial Officer, Carlos Pena said “2021 was a fantastic year for the dry bulk market, a lot of it being pandemic-driven, and despite a steeply rising index we returned the market to our members. The RSA is a results-driven, owner-oriented platform providing efficiencies and flexibility at a very low cost going over and beyond just being a simple vessel managing vehicle”. 

• 24,000 days fixed worldwide.
• A standard BSI 58-type vessel earned almost $9.0 million net in the RSA.
• 430 fixtures concluded in 2021, the equivalent of 36 fixtures per month, which shows our commercial management team’s experience and strong presence in the spot market day-in, day-out. 
• RSA vessels achieved a utilization rate of 97% despite the challenges faced (delays and congestion, quarantines, reduced country trading options etc) which is one of the main advantages of pooling vessels together. 
• CTM’s commercial and operations teams assisted RSA members with 31 crew changes (about one in two ships) and 21 dry docks/special surveys.
• RSA vessels carried close to 24 million tonnes of cargo (over 50 different types!) and loaded cargoes at 59 different countries. 
• We fixed with around 160 separate counterparties and 55 brokers. 
• Offered our clients 24/7 service with worldwide market coverage via our chartering people in Europe and Asia.
• 55 vessel movements in 2021 (entries & exits).