The Stone Shipping Model
Fund Establishment (6 - 9 months)
Capital Raising (18-month commitment, funds are collected once vessels are chartered-in)
Capital Deployment (chartering-in vessels). Time horizon: 6 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
Maximizing returns in the Supramax market while maintaining a low risk profile with experienced manager.
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.
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)