Dry cargo vessel manager C Transport Maritime (CTM) has launched a new revenue-sharing agreement (RSA) for spot-trading panamax bulkers.

CTM chief executive John Michael Radziwill tells Trade­Winds the panamax RSA was launched at the start of this month with three owners and 10 vessels.

All vessels in the RSA will be managed centrally, the revenues shared among all participants, with flexible three-months exit notice terms for all ships.

Radziwill