C Transport Maritime (CTM)

Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) controlled Carras Ltd and CBC Holding acquired one supramax and one ultramax bulk carrier. Newly acquired supramax and ultramax bulk carriers will be delivered to Carras Ltd and CBC Holding in Q3 2021. Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) is privately owned by John Michael Radziwill’s family-controlled Brentwood Shipping which has completed a refinancing for its five portfolio companies last year, including a $200 million for public entity GoodBulk. Besides managing C Transport Maritime S.A.M. (CTM), John Michael Radziwill manages Carras Ltd and CBC Holding. According to C Transport Maritime S.A.M. (CTM), shipowners are interested particularly in supramax bulk carriers because big advances being made in the freight market have not yet had much effect on asset values. C Transport Maritime S.A.M. (CTM) anticipates the highest level of profits in 2021 which dry bulk markets have not seen since 2008. 3-May-2021

 

Monaco based ship manager and operator C Transport Maritime S.A.M. (CTM) announced the supramax bulk carriers pool carried a total of 29 million metric tonnes of cargo in 2020. In 2019, C Transport Maritime S.A.M. (CTM) announced the supramax bulk carriers pool carried a total of 23.5 million metric tonnes of cargo. Mostly, C Transport Maritime S.A.M. (CTM) supramax bulk carriers pool carried coal, agricultural products, and iron ore. In 2020, C Transport Maritime S.A.M. (CTM) supramax bulk carriers pool fixed 582 voyages. C Transport Maritime S.A.M. (CTM) supramax bulk carriers pool fleet expanded to more than 80 bulk carriers. C Transport Maritime S.A.M. (CTM) supramax bulk carriers pool compromises around 22 different shipowners. Due to the post-coronavirus recession, 2020 was a very challenging year for supramax bulk carriers. In 2020, The Baltic Exchange’s supramax index (BSI) fell to $8,173 per day. Monaco based ship manager and operator C Transport Maritime S.A.M. (CTM) announced the supramax revenue-sharing agreement outperformed the Baltic Exchange’s supramax index (BSI) and had the most ship days since the pool started in 2013. In July 2020, C Transport Maritime S.A.M. (CTM) extended the supramax pool through a deal with York Overseas. Furthermore, in 2020, new supramax bulk carrier owners joined such as Fukunaga Kaiun and Wah Kwong. C Transport Maritime S.A.M. (CTM) pool membership has no minimum duration and a three-month exit notice, plus no withdrawal fees or daily administration fees. John Michael Radziwill-led C Transport Maritime S.A.M. (CTM) supramax revenue-sharing agreement charges only a 1.25% commission. 23-January-2021

 

Monaco based ship manager and operator C Transport Maritime S.A.M. (CTM) chartered in capesize dry bulk carrier from Nasdaq listed Diana Shipping. C Transport Maritime S.A.M. (CTM) chartered in 2009 built capesize bulk carrier 177K DWT MV Houston at $12,400 per day until September 2021. C Transport Maritime S.A.M. (CTM) is going to pay around $5.25 million in total during the charter period. Previously, capesize bulk carrier 177K DWT MV Houston was chartered by Koch Shipping at $10,125 per day for a year. Nasdaq listed Diana Shipping has a fleet of 41 dry bulk carriers. Currently, weighted TCE (Time Charter Equivalent) for capesize bulk carriers at $6,762 per day. Capesize rates at the highest point since the beginning of 2020 and the FFA (Future Freight Agreement) markets have continued to achieve momentum. 12 April 2020

 

John Michael Radziwill led ship manager and operator C Transport Maritime S.A.M. (CTM) has added another shipowner d’Amico Dry to its supramax pool. C Transport Maritime S.A.M. (CTM) increased supramax pool by adding 2006 built supramax bulk carrier 53K DWT MV Medi Bangkok and 2009 built supramax bulk carrier 56K DWT MV Medi Paestum to the Supramax Revenue Sharing Agreement (RSA). Italian dry bulk and tanker shipowner d’Amico currently operates 120 bulkers and tankers. In December 2019, Chandris (Hellas) joined to C Transport Maritime S.A.M. (CTM) supramax pool. Currently, Supramax Revenue Sharing Agreement (RSA) is the biggest and most flexible supramax pool in the shipping market today. C Transport Maritime S.A.M. (CTM) added 2011 built supramax bulk carrier 57K DWT MV Serene Jessica to the Supramax Revenue Sharing Agreement (RSA). 1 April 2020

 

C Transport Maritime (CTM) bought 2007 built panamax dry bulk carrier 75K DWT M/V Bariloche for $13.8 million. In 2016, John Michael Radziwill controlled C Transport Maritime (CTM) bought 2005 built capesize dry bulk carrier 177K DWT M/V Bulk Singapore for $12.5 million which is cheaper than current $17 million market value. In March 2017, C Transport Maritime (CTM) bought 2007 built supramax dry bulk carrier 55K M/V Admiral Schmidt and continues to stockpile second-hand tonnage. 9-April2017

 

C Transport Maritime (CTM) has launched a new revenue-sharing agreement for spot trading panamax bulkers with three owners and 10 panamax bulk carriers. All panamax bulk carriers in revenue sharing will be managed centrally, the revenues shared among all participants, with flexible three months exit notice terms for all ships. 19-March-2016