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%.