C Transport Maritime Adds Ultramax Bulk Karo T to Fleet Portfolio

The shipowner CTM of dry cargo ships led-by the chairman and CEO John Michael Radziwill took last week delivery of the ultramax bulk carrier Karo T.

The owner of 63,500 dwt newbuilding ship took delivery of Karo T on 12 July 2023 at the Shin Kasado shipyard in Japan.

The ceremony was attended by CTM´s CCO Mr. Carlos Pena, his wife, Mrs. Karolina Pena, and the Supramax Chartering Manager Mr. Andrea Novellini.

The vessel, which was taken on a long time charter from Japanese Owners, will join the supramax RSA pool and contributes to the company´s efforts to rejuvenate its owned fleet.

CTM currently has around 140 bulk carriers under its commercial and technical management from handysize up to newcastlemax.

The shipowner CTM in May has also launched the newbuilding Aquajoy, a 182,082 dwt capesize bulk carrier at the Namura-Imari shipyard, in Japan.

The company CTM, which was established in Monaco in 2004, has strong Greek and Italian shipping roots that reach back over a century.

C Transport Maritime (CTM) was formed out of the acquisition of Coeclerici Group’s management activity and bulk carrier pools by DryLog.

These pools were amongst the largest globally operating over 100 ships (capesize and panamax). The company moved from Genoa to Monaco relocating the majority of the team.

CTM becomes the management arm of DryLog and other clients managing the Capesize (CTC) and Panamax (CTP) pools together with the newly created DBCN a joint venture between DryLog, Bocimar, CSAV and Nomikos to take advantage of opportunities in the supramax market.

Today the company runs Supramax and Panamax Revenue Sharing Agreements (RSA)’s and is a founding member of the Capesize Chartering LTD (CCL).

C Transport Maritime Adds Ultramax Bulk Karo T to Fleet Portfolio

Photo credit: CTM