Technical
Since CTT Shipping’s
inception, we have acted as manager of dozens of vessels across a wide
range of ocean-going vessel types, including bulk carriers, chemical
and product tankers, containerships, reefers, ro-ro, project cargo and
passenger ships. Our clients have included small independent owners,
investment groups, financial institutions and specialized charterers.
Our services have consistently resulted in both cost savings and
quality improvement. Our extensive research forms the basis of
the management policies which, when implemented, have allowed our
clients to enjoy an average operating cost reduction of 7% when
compared with vessels' prior managers. We have successfully
negotiated Hull & Machinery rate reductions as large as 17.3% and
have consistently achieved higher Rightship ratings with an average of
one additional star awarded per vessel.
CTT Shipping has also acted as contracted in-house management
consultants in the organizational phase of a publicly traded shipowner
after their successful blank check company IPO in New York. In
this case we were also contracted to lead management takeover of a
fleet consisting of four Capesize, one Panamax and eight Supramax dry
bulk vessels with an annual fleet budget of $24 million and dry docking
budget for 8 vessels of $16 million.
Commercial
CTT Shipping has been responsible for strategic commercial
planning, chartering and overall projects including Contracts of
Affreightment, Voyage and Period Charters for a fleet of Multipurpose,
Heavy Lift and Handysize dry bulk vessels. We have also initiated and
operated container liner services operating between the US Gulf Coast
and West Coast South America, and within the Caribbean.
We offer expert market insight and our achieved results have
consistently been highly competitive. Our strategies are tailored to
our clients’ desired freight risk exposure, and can include long and
short term employment options to optimize financial performance by
identifying prevailing trends. We maintain close working
relationships with ship brokers around the world offering us access to
strong market intelligence.
Where our clients require commercial management of maritime assets, we
develop detailed strategic business plans including deployment
strategies and financial projections.
© 2013, CTT Shipping, Inc.