CTM Supramax Pool Grows to 70 Bulkers

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Monaco-based vessel management company C Transport Maritime S.A.M. (CTM) has welcomed seven more vessels to its Supramax Revenue Sharing Agreement (RSA), bringing the number of ships in the pool to about 70.

As informed, four of CTM’s current members added their ships in July and August this year.

Serene Juniper, a 2011-built bulk carrier operated by Greek Chandris (Hellas), is among the new joiners.

What is more, Italian d’Amico Group added three bulkers built in 2014 — Medi Hakata, Medi Manila, Medi Yokohama. In addition, it added the 2009-constructed Medi Segesta to the pool.

The sixth vessel received in CTM RSA is Olympia.GR, a 2018-built vessel operated by Greece-based M/Maritime.

The final vessel that joined the pool is the 2001-built S’hail al Ruwais, operated by Qatari S’hail Shipping.

CTM said that 17 different members now have around 70 ships in the RSA.

The Supramax RSA is said to be the largest Supramax pool on the market currently. In the pool, all of the vessels are run together and the incomes generated are distributed to the members according to the revenue earning capabilities of their vessels within the agreement.