SUPRAMAX RSA C TRANSPORT MARITIME S.A.M. Headquartered in Monaco - - PowerPoint PPT Presentation
SUPRAMAX RSA C TRANSPORT MARITIME S.A.M. Headquartered in Monaco and founded in 2004 One of the largest shipmanagement companies globally Employs over 85 people from 13 different nationalities Lloyds List Dry Bulk Operator of
2
2
3
Supramax to Newcastlemax bulk carriers, and over 200 vessels when including Capesize Chartering Ltd. (“CCL”).
(RSAs)
3
4
4
5
“What we are trying to do here is eliminate fragmentation among the supramax-owning community so we can provide a more efficient service as well as minimise all of our costs” John Michael Radziwill CEO
5
pools*, all of which are operated on the spot market
years depending on each member’s portfolio composition, employment strategy and
externally audited annually (Deloitte)
*including vessels in CCL but not double counting CTM managed ships
6
Agreement was created in 2013 with 5 members and 6 vessels
and 73 vessels
shipowners, publicly listed companies, commodity traders & financial investment platforms
7
8
J.P. Morgan GMIF
Bocimar Carras Ltd Castleton Commodities CBC
DryLog Golden Ocean Ionic Nautical Bulk Holding
S’Hail Shamrock Sonoma
Chandris
Eastern Pacific Shipping D’Amico Dry
M/Maritime Wah Kwong
Stone Shipping
Stone Shipping
Income generated from the pool vessels are distributed to the members according to the revenue earning capabilities of their vessels
cubic capacity, service and eco speed & consumption, draft, etc) and a Revenue Sharing Key is established
cover the day-to-day expenses of the vessel (bunkering, port agent fees etc) and is returned to the member when the vessel exits
Steady income Low fees Global reach Flexibility
Outstanding performance
Risk management
9
10
10
11 Note: Until 2015 BSI 52 Index is used for comparisons; from 2016 BSI 58 is used. Results shown above are for a BSI-type vessel.
All figures are net and adjusted to a 100 point ‘index’ type vessel
SUPRAMAX RSA PERFORMANCE VS. BSI ($/DAY)
11
12
structure give the CTM Supramax RSA an advantage over similar-type pools
5% above the index and around 8% above its peers
SUPRAMAX PEER PERFORMANCES IN 2018 $ PER DAY
12
13
No daily administration fees - only a 1.25% commission on revenues No hidden fees or other costs No withdrawal fees or penalties Transparent cost structure
13
14
✓ Entry and exit into the RSA is very easy; only two weeks notice for a vessel to enter and maximum three months notice to exit ✓ No minimum duration ✓ Tailored to owners’ concerns and needs. Charter-party negotiations work off the
charter-party can be used
14
15
The RSA gives out a fixed income Income is based on a pre-agreed FFA budget set at the beginning of the year. Income is adjusted quarterly to match actual results
15
16
Our multi-basin strategy ensures our vessels are spread out globally
16
17
✓ Dedicated, highly sophisticated in- house risk management department with an excellent track record ✓ Counterparty assessment prior to fixing a vessel determines whether fixture goes ahead or not ✓ Tailored maritime lien insurance
17
18
The RSA has weekly, monthly and quarterly reporting as well as physical meetings that take place twice a year.
18
466 fixtures concluded 23.4 mn tonnes carried 159 counterparties 2.5 Years average vessel
duration despite very flexible entry and exit requirements
16% of vessels have been in
for 5 years or more Biggest Supramax pool in the market
39 fixtures concluded per
month on average - 90% on time charter
19
2019 figures :
NUMBER OF FIXTURES VOLUMES CARRIED ON RSA VESSELS (MILLION TONNES)
TYPE OF CARGO LOADED ON RSA VESSELS IN 2019
20
*’Other’ includes sulphur, scrap, alumina, copper, sand etc ‘Agricultural products’ include grains and oilseeds.
21
Vessel Name Built Size (dwt) Vessel Name Built Size (dwt) Vessel Name Built Size (dwt)
Nautical Georgia 2017 63,800 Armonia.GR 2016 61,250 Bulk Honduras 2012 57,959 Nautical Runa 2015 63,577 La Tonda 2015 61,241 ST George 2011 57,959 Nautical Lucia 2016 63,567 Red Azalea 2015 61,229 Sage Symphony 2012 57,949 Nautical Loredana 2015 63,556 FJ Star 2016 61,225 Bulk Uruguay 2011 57,937 Nautical Hilary 2015 63,530 Olympia.GR 2017 61,222 Bulk Ecuador 2011 57,937 CMB Rubens 2018 63,514 Aquaprosper 2015 61,208 Bulk Colombia 2011 57,937 Sage Sanaga 2013 63,500 Divinegate 2019 61,143 Bulk Peru 2011 57,937 Nautical Alice 2016 63,500 FJ Viola 2020 61,000 Medi Yokohama 2014 57,905 Nautical Anne 2016 63,500 Victoria T 2017 61,000 Medi Manila 2014 57,903 Oslo Venture 2015 63,500 Ionic Unicorn 2016 60,425 Serene Jessica 2010 57,275 Daimongate 2017 63,496 Atalanti.GR 2019 60,400 Serene Juniper 2011 57,185 Nautical Madison 2018 63,436 Golden Cathrine 2015 60,263 SFL Yukon 2010 56,869 Bulk Bolivia 2016 63,374 Golden Cecilie 2015 60,263 SFL Sara 2010 56,869 Sage Amazon 2012 63,301 Red Sakura 2017 60,245 CS Sonoma 2010 56,697 All Star Atlas 2014 63,250 Areti.GR 2017 60,243 Sea Star 2014 56,591 CMB Jordaens 2019 63,000 ST Pinot 2013 59,949 Ionic Spirit 2010 56,119 Red Orchid 2015 61,645 African Jacana 2012 58,800 Loch Crinan 2013 56,108 Amis Wisdom I 2010 61,600 Bulk Costa Rica 2012 58,758 Bulk Phoenix 2013 56,088 Devongate 2014 61,517 Medi Segesta 2009 58,730 Ionic Storm 2005 56,032 Amis Brave 2014 61,467 Bulk Patagonia 2012 58,723 Aquitania 2006 55,916 Bulk Guatemala 2013 61,446 Amis Orchid 2012 58,120 Medi Paestum 2009 55,614 Bulk Atacama 2014 61,384 Medi Hakata 2014 58,078 Bridgegate 2010 53,477 CMB Chikako 2014 61,299 Golden Hawk 2015 58,068 Medi Bangkok 2006 53,466 Red Cosmos 2015 61,263 ST Paul 2010 57,982 S'hail Al Ruwais 2001 52,817 S'hail Al Doha 2002 52,455
22
7 Rue du Gabian, Gildo Pastor Center 98000 Monaco +377 97 98 59 00 www.ctmmc.com