Monaco-based C Transport Maritime (CTM) plans to replicate the growth of its supramax and capesize bulker pool with spot-trading panamaxes.
Company CEO John Michael Radziwill said: “We certainly see more of our guys surfing in on panamaxes,” citing the low orderbook on vessels. “We think there is an opportunity to commercially consolidate that market.”
CTM kicked off a revenue-sharing agreement (RSA) for panamaxes in March 2016 with three owners and 10 vessels, targeting an initial growth to a 25-ship fleet.
