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.
Supramax RSA Meeting May 2022 We are delighted to announce that we just had our first bi-annual Supramax RSA meeting in 2022. This was the
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!
CTM and Premuda are pleased to announce that they have recently entered into an agreement of commercial management for the dry bulk fleet of Premuda.
CTM are pleased to announce that we have joined BIMCO’s new anti-piracy initiative by signing up to their Gulf of Guinea (GoG) declaration on the Suppression of Piracy.
This year, the World Meteorological Organization (WMO) predicts a “strong to moderate” “La Nina” (“The Little Girl” in Spanish), a meteorological phenomenon that can lead to significant weather disruptions, from drought to higher rainfall and colder temperatures. Here are our thoughts on how we think this 2020/2021 episode can impact the dry bulk market.
Mr. Radziwill at Posidonia 2020 Recently our CEO Mr. John Michael Radziwill was invited to participate in panels hosted by Capital Link (21 October) and TradeWinds (27 October) at this year’s Posidonia that was held online.
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