On the morning of Tuesday, 23rd of March 2021 traffic on the Suez Canal* ground to a halt. As the M/V Ever Given, a 20,150 teu container built in 2018, accidentally ran aground after she was hit by a “suspected large gust of wind”. She is now blocking the canal completely with ships unable to pass at all and it could take several days to get her moving again. She is the largest ship to ever go aground in the canal in its 152 year history.

The ship — which at 400 meters is almost as long as the Empire…

In our second podcast we invited three members of our commercial team to a virtual roundtable to get their views on the current state of the market. We were pleased to welcome to the podcast: Alessandro Canzian our Capesize Director, Andrea Novellini Supramax Commercial Trader and Graziano Verani Masin Supramax and Panamax Commercial Trader. This podcast was moderated by our Head of Research Lora Iakovidi.

Capesize Market: 01:20–11:27

The Capesize market just had its strongest January in eleven years, followed by a large dip in February but rebounded again in March. …

It’s been a good couple of weeks for dry bulk shipping, last week Panamax earnings hit decade highs of over $22,000 per day. This week it’s the turn of the Supramaxes to make headlines as they too hit decade highs.

Supramax spot rates reached $20,000 per day for the first time since 2010. The Baltic Supramax Index (BSI) jumped by over $7,200 per day since the beginning of the month (February) and earnings have more than tripled compared to the same period last year (2020). The BSI is beginning 2021 by having its own mini renaissance after hitting a four…

For the first episode of the CTM Podcast we had an exclusive interview with our CEO Mr. John Michael Radziwill. Last year Mr. Radziwill celebrated his 10th year as our CEO, during this interview we asked him about his views on the hot topics in shipping, his early career and what makes CTM a special place to work.

We have chosen some of the key areas that Mr. Radziwill bought up during our conversation with him for this blog entry.

During this interview one of the key areas’s that Mr. Radziwill emphasised was his passion for CTM and it…

At the beginning of 2020 we began our first photo competition with our crews, and we have received some truly breathtaking images from them. Getting them down to a top ten was no mean feat for us, everyone had their favourites and it inspired plenty of artistic debates, which for us at CTM was a refreshing change of pace. But we eventually got down to a selection for our people to vote on.

Following the results from start to finish was highly entertaining and at times nail-biting, eventually one photograph took a commanding lead. With around 38% of the vote…