LOG IN HOME ABOUT CTM RSA FLEET OUR SERVICES CAREERS CONTACT US SUPRAMAX RSA ANNUAL SUMMARY 2020 Home » Press Release » Supramax RSA Annual Summary 2020 Posted on January 22, 2021 2020 Supramax RSA Summary 2020 was a very challenging year on many different levels due to the COVID-19 pandemic, that will have knock on effects for years to come. We have had to learn new ways of doing business, adapting to working from home, organising virtual meetings and coping with this new reality. Market-wise, the BSI fell to a four year low, competition for cargoes was fierce in some areas and we saw large fluctuations and disparities in bunker prices. The management of crew changes had to be handled with the utmost care and compassion in respect to our seafarers as them more than anyone had to live with being isolated from loved ones. These are just a few issues the shipping community faced in 2020 but we all navigated the best we could to overcome them. A year which pushed us at CTM into finding new ways to excel and deliver results to our clients. This is precisely what we did for the members of our Supramax RSA ending the year with some of our best numbers to date where we once again outperformed the index and had the most vessel days since the RSA started in 2013. Key Numbers Cargo Vessels in the RSA carried a total of 29 million tonnes of cargo – an increase of over 5.5 million tonnes from 2019 with the most common cargoes being coal, agricultural products and iron ore. Fixtures & Fleet As we reported in November 2020 we had surpassed 500 fixtures in the RSA and ended the year at a record setting 582 fixtures. These numbers were aided by the entry of new vessels to the RSA by new and existing members. More and more companies are realising the benefits of being part of the largest and most flexible supramax pool in the market. The Supramax RSA fleet currently has over 80 vessels from 22 members. In a year which saw the Baltic Supramax Index (BSI) hit a four year low averaging $8,173 USD per day down 17% from 2019, the Supramax RSA managed to outperform the index, as it has been doing regularly for the past few years. This would not have been possible without the trust that we have earned from all those we work with every day and we continue to push the envelope in 2021 hoping that the Chinese lunar year of the Ox can pull the world out of the depths and doldrums of 2020. Filed Under: Press Release RECEIVE UPDATES BY EMAIL First Name* Last Name Email Address* OTHER LATEST NEWS CTM welcomes Premuda June 17, 2021 BIMCO’s Gulf of Guinea Declaration on Piracy June 15, 2021 The Little Girl That Brings Big Change December 1, 2020 Posidonia Web Forums Week November 23, 2020 500 Fixtures and going strong November 18, 2020 Supramax RSA Update – July July 28, 2020 TERMS Baltic Supramax Index, BSI, Statistics, Supramax, Supramax Index, Supramax pool, Supramax Revenue Sharing Agreement, Supramax RSA 7 Rue du Gabian Gildo Pastor Center 98000 Monaco +377 97 98 59 00 +377 97 98 23 00 PRESS & MEDIA CONTACT US PRIVACY NOTICES LEGAL NOTICES CAREERS Latest News & Sector Reports CTM welcomes Premuda BIMCO’s Gulf of Guinea Declaration on Piracy Supramax RSA Annual Summary 2020 Follow Us All vessels displayed are independently managed with different shareholdings and not related to any other vessels managed by C Transport Maritime S.A.M. © C Transport Maritime S.A.M. 2021, All rights reserved Website Design by Webtemple