Dry CargoMiddle East

CTM supramax pool expands with XT Shipping vessel

XT Shipping, the joint venture between Idan Ofer and Udi Angel, has joined C Transport Maritime’s (CTM) Supramax Revenue Sharing Agreement (RSA).

The Israeli-based company is the second company to join the Supramax RSA this year. The first one was Forra Ultramax which joined in May.

XT Shipping added its 2017-built, 61,266 dwt Victoria bulk carrier to the fleet. The vessel was built at the Toyohashi shipyard in Japan. 

CTM’s Supramax RSA is a supramax pool with a fleet of between 50-60 vessels. The average age of the vessels is around seven years, and the average dwt is around 60,700. In the past five years, the pool’s creators claim to have outperformed the market by 5%.

Bojan Lepic

Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine.
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