The Model

The Stone Shipping Model

Audited Results
Quarterly Reporting
Experienced Management
Fund Establishment
Capital Raising
(18-month commitment, funds are collected once vessels are chartered-in)
Capital Deployment (chartering-in vessels). Time horizon: 12 months
Vessels are chartered-in for up to 18 months (employed in the RSA or chartered-out).
Dividend distributions (if any) to investors.
Capital repatriation as vessels get redelivered.

Focus on arbitraging positions as opposed to directional positions

Risk profile is low to moderate

Commercial, operational and administrative management is done by CTM, a leading third-party manager of dry bulk vessels, via a Commercial Management Agreement.

Maximizing returns in the Supramax market while maintaining a low risk profile with experienced manager.

Investment Overview

Simple, straightforward strategy

  • Vessels are chartered in on an index-linked or fixed-rate hire.
  • Vessels are in turn run in CTM’s Supramax pool or fixed out on fixed rates
  • Returns are distributed to investors via a profit-sharing agreement

Leverage market volatility and dislocations

  • It is an opportunity for investors to gain exposure to the dry bulk market and capitalise on the volatility and dislocation in the physical and FFA markets via an experienced manager with a good track record.

Good outperformance record

  • CTM has a world class commercial performance often outperforming its peers.
  • The CTM Supramax pool has outperformed the market almost every year.
  • The pool’s success is evident in its growth trajectory since inception in 2013 growing by 13x in this period.

Experienced manager

  • CTM has been running pools for 17 years
  • CTM directly operates over 120 vessels from Handysize up to Newcastlemax vessels
  • Long standing experience in the FFA markets (trading between 7,000 to 9,000 days per year in the last 5 years)