Radziwill’s CTM adds firepower with new investors

As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed.      CTM will remain majority-owned by Bretta Navigation Corporation, the vehicle controlled by chairman John Michael Radziwill.     The company said the fresh capital is aimed at strengthening CTM’s position in the dry bulk market at a time when owners are weighing fleet renewal and asset play opportunities. CTM added it plans to use a mix of new and existing capital, together with its manager’s commercial platform, to selectively grow its exposure while keeping breakeven levels low.

Radziwill said the entry of Tokyo Century and Barque validates CTM’s operating model and disciplined approach to the dry bulk trades. Tokyo Century’s global head of shipping, Koichi Onaka, said the investment fits the group’s strategy of backing established maritime platforms with modern fleets and experienced management. Barque chairman Michael Steensland-Brun described the move as a long-term partnership focused on steady value creation.

Founded in 2014, CTM has shifted from short-term chartered-in tonnage to a predominantly long-term chartered-in model. The fleet currently numbers 13 modern bulkers on the water — three capesizes, five kamsarmaxes and five ultramaxes — with a further seven vessels due for delivery in the coming years. The fleet is commercially and technically managed by Monaco-based dry bulk pool giant CTM.