Monaco’s C Transport Maritime (CTM) says its bulker pool operation has beaten the Baltic Exchange’s index by 6.5% in the first half of 2023.

The John Michael Radziwill-led company said the supramax revenue sharing agreement (RSA) is “going strong in a bad market”.

In the first six months, the Baltic Supramax Index averaged $10,457 per day, down 61% from the same period last year.