The Capesize bulk carrier market recently experienced a significant surge, with rates climbing above $50,000 per day, followed by a rapid decline. John Michael Radziwill, who leads the dry bulk pool C Transport Maritime and GoodBulk, an ownership entity that has recently sold off its entire fleet, remains optimistic about the prospects for dry bulk owners in 2024. He bases his positive outlook on several factors, including advantageous fleet dynamics, anticipated strong grain volumes in the Atlantic, and the introduction of new environmental regulations in shipping. These regulations are expected to impact trade patterns and result in slower ship speeds. Radziwill, however, expresses some reservations, particularly regarding China’s market capacity. He questions whether China can continue to absorb commodities at the same or higher levels as before, citing concerns about the Chinese steel market and global economic challenges posed by inflation and high interest rates. 9-December-2023
Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) controlled the supramax pool Supramax Revenue Sharing Agreement (RSA) accepted Idan Ofer and Udi Angel-led XT Shipping controlled 2017 built ultramax bulk carrier 61K DWT MV Victoria. 2017 built ultramax bulk carrier 61K DWT MV Victoria was built at Toyohashi Shipyard in Japan. This Israeli-based XT Shipping proudly stands as the second bulk carrier to join the exclusive pool Supramax Revenue Sharing Agreement (RSA) this year, following MV Forra Ultramax, which was welcomed in May 2023. C Transport Maritime S.A.M. (CTM) controlled the supramax pool Supramax Revenue Sharing Agreement (RSA) operates as an exclusive supramax pool, encompassing a fleet of approximately 50-60 bulk carriers, each exuding timeless splendor. These bulk carriers, with an average age of merely seven years, boast an average deadweight tonnage of around 60K. Over the past quinquennial, the upramax Revenue Sharing Agreement’s (RSA) ingenious creators boldly assert to have outshone the market by an impressive margin of 5%. 25-July-2023
Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) controlled supramax pool continues to thrive despite challenging market conditions, boasting a remarkable $120,000 premium over the Baltic Exchange’s index. According to the Monaco-based ship operator C Transport Maritime S.A.M. (CTM), the second quarter proved to be the stronger period within the first six months. C Transport Maritime (CTM) proudly announces that its bulker pool operation has outperformed the Baltic Exchange’s index by an impressive margin of 6.5% during the initial half of 2023. John Michael Radziwill-led C Transport Maritime S.A.M. (CTM) emphasizes that the supramax revenue sharing agreement (RSA) remains resilient even amidst unfavorable market conditions. 18-July-2023
Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) chartered in 2012 built newcastlemax bulk carrier 206K DWT MV Philadelphia from New York-listed Diana Shipping for two years. C Transport Maritime S.A.M. (CTM) is going to pay around $26,000 per day to Diana Shipping. John Michael Radziwill-led ship manager and operator C Transport Maritime S.A.M. (CTM) has options to extend the agreement. Transport Maritime S.A.M. (CTM) is going to pay around $17 million for two years. Currently, conventional capesize bulk carriers are chartered out around $25,000 per day and FFAs (Forward Freight Agreements) (FFAs) for 2024 are at $19,486 per day. Normally, newcastlemax bulk carriers earn a premium over conventional capesize bulk carriers. Besides managing C Transport Maritime S.A.M. (CTM), John Michael Radziwill manages Carras Ltd and CBC Holding. Previously, 2012 built newcastlemax bulk carrier 206K DWT MV Philadelphia was chartered out to Classic Maritime at $28,500 per day. 12-April-2022
Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) anticipates that the 2022 outlook for dry bulk shipping might be better than 2021. According to C Transport Maritime S.A.M. (CTM), Brazilian iron-ore shipments are missing from the present market, yet capesize bulk carriers appear to be doing good. John Michael Radziwill-led ship manager and operator C Transport Maritime S.A.M. (CTM) is confident that 2022 will be better than 2021 freight rates because new building order books for bulk carriers of all classes are roughly at the lowest level. On the other hand, demand for bulk carriers is high due to the new infrastructure projects. In 2021, Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) expanded the company’s managed fleet to approximately 160 bulk carriers. Currently, John Michael Radziwill-led ship manager and operator C Transport Maritime S.A.M. (CTM) manages a fleet of approximately 270 bulk carriers including the bulk carriers co-managed with Capesize Chartering Limited (CCL). Besides managing C Transport Maritime S.A.M. (CTM), John Michael Radziwill manages Carras Ltd and CBC Holding. 21-February-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) has engaged in a time charter agreement with Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) for 2007 built capesize bulk carrier 174K DWT MV Semirio. John Michael Radziwill-led C Transport Maritime S.A.M. (CTM) chartered in 2007 built capesize bulk carrier 174K DWT MV Semirio from August 15, 2023, to November 15, 2023, at a daily rate of $19,700. The commencement of the charter is scheduled for December 9, 2021. C Transport Maritime S.A.M. (CTM) will pay approximately $11.94 million during the minimum time charter period of MV Semirio. Earlier this year, SwissMarine, based in Singapore, chartered 2007 built capesize bulk carrier 174K DWT MV Semirio from January 1, 2023, at a rate of $13,500 per day. 23-November-2021
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
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) has engaged in a time charter agreement with Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) for 2012 built capesize bulk carrier MV P. S. Palios. The charter commenced earlier this week and spans a duration of 13 to 15 months. The initial 35 days of the charter period will be charged at a rate of $6,000 per day, while the remaining portion of the charter will be charged at a rate of $12,050 per day. Based on the minimum time charter period, Diana Shipping (DSX) anticipates generating approximately $4.31 million in gross revenue from the time charter of 2012 built capesize bulk carrier MV P. S. Palios. 26-March-2020
Monaco-based ship manager and operator C Transport Maritime S.A.M. (CTM) has been associated by shipbrokers with the purchase of China’s Rewood Ocean Shipping (ROSCO) entire fleet for $185 million. The Rewood Ocean Shipping (ROSCO) fleet comprises seven (7) panamax bulk carriers, three (3) kamsarmax bulk carriers, and one (1) capesize bulk carrier. All of these ships are of Japanese origin, except for two (2) kamsarmax bulk carriers, which were constructed at Tsuneishi’s shipyard in Zhoushan. The transaction is expected to be carried out through John Michael Radziwill-led C Transport Maritime S.A.M. (CTM), rather than GoodBulk. C Transport Maritime S.A.M. (CTM) established a panamax pool in March 2016. Currently, C Transport Maritime S.A.M. (CTM) operates only five (5) panamax bulk carriers, whereas C Transport Maritime S.A.M. (CTM) supports its pools in the capesize and supramax segments with 32 and 59 bulk carriers respectively. Headquartered in Hebei, Rewood Ocean Shipping (ROSCO) is a subsidiary of Hopefull Grain and Oil Group, a Chinese private trader of grain products. In 2016, the company faced a financial crisis and closed its Shanghai office as a cost-cutting measure. 27-February-2018
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-April-2017
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