Radziwill’s CTM secures strategic partnership and equity investment

Bermuda-domiciled dry bulk operator C Transport Maritime (CTM Ltd) secured a strategic partnership and equity investment from Tokyo Century Corporation and Barque AS.

As part of the deal, both investors became shareholders of the company and have appointed representatives to CTM Ltd.’s board of directors. Financial details were not disclosed.

CTM Ltd. will remain majority-owned by its existing shareholder, Bretta Navigation Corporation, wholly owned by its chairman John Michael Radziwill.

The company’s fleet consists of 20 modern dry bulk vessels across the capesize, kamsarmax, and ultramax segments. Thirteen vessels are currently on the water with an average age of approximately two years, and seven additional vessels are scheduled for delivery from tier-one shipyards in the next couple of years.

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