Name

Cetus Maritime

Legal name

Cetus Maritime Limited

Website

https://cetusmaritime.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Dry Bulk Shipping Services

NAICS

Deep Sea Freight Transportation (483111), Coastal and Great Lakes Freight Transportation (483113)

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)

akta.pro secondary industry

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

Keywords

• Dry bulk shipping
• Vessel chartering services
• Ship management services
• Handysize bulk carriers
• Maritime transportation

Headquarters

HQ city

Wong Tai Sin

HQ country

Hong Kong SAR China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Vessel Chartering: Chartering out owned vessels on time or voyage basis. Core revenue stream from 40+ owned vessels ranging from 8.5-45,000 dwt handysize category.
2. Commercial Management: Pool and commercial management services for third-party vessel owners. Manages owned, managed, and chartered-in fleet.
3. Technical Management: Third-party ship management solutions including safety compliance, maintenance, dry docking, crew sourcing, and operational efficiency optimization.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Cetus Maritime is a dry bulk shipping company that operates a fleet of 40+ owned handysize vessels (8,500-55,000 dwt) and sells four integrated service lines: Chartering Services for booking cargoes on Handysize to Ultramax vessels, Commercial Management (pool and third-party vessel commercial management), Technical Management (safety compliance, maintenance, dry-docking and crew sourcing) and Dry Bulk Cargo Transportation for commodities including grains, ores, fertilizers and steel. It serves global commodity traders, steel and mining companies, agricultural exporters and third-party vessel owners through 8 offices across 5 continents.

Product overview

Cetus Maritime is a dry bulk shipping company offering an integrated suite of maritime services built around its fleet of over 40 vessels (8,500-55,000 dwt). The core offering consists of Chartering Services for booking cargoes on Handysize to Ultramax vessels, Commercial Management for pool and third-party vessel management, Technical Management for safety compliance and ship management, and Dry Bulk Cargo Transportation for commodities including grains, ores, steel, and agricultural products. The company has expanded through strategic mergers (AMP-HBC 2022, Nachipa Corp 2024, Rhumb Maritime 2025) and maintains 8 offices globally. Recent product additions include sustainability-linked financing and whale conservation compliance programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Chartering Services Chartering services for booking and securing cargoes on Handysize to Ultramax vessels on prompt and forward basis, drawing on 70 years of combined experience in niche cargoes and demanding trade routes. Offered to commodity traders, steel and mining companies, and agricultural exporters globally.
• Commercial Management Experienced pool and commercial management services for third-party vessel owners, including managing the commercial performance of owned, managed and chartered-in vessels across multiple trade routes.
• Technical Management Technical ship management services with safety standards that exceed industry requirements and strict compliance with latest regulations including Classification Society Rules, Flag State Registry, OCIMF, IMO, SOLAS, ISM and ISO standards. Includes third-party ship management solutions such as maintenance, dry-docking and crew sourcing.
• Dry Bulk Cargo Transportation Transportation of a wide range of dry bulk commodities including grains, agricultural products, bauxite, alumina, cement, aggregates, forest products, scrap, concentrates, fertilizers, ores and steel cargoes via owned handysize to Ultramax vessels (8,500-55,000 dwt) across 130 ports and 50 countries.

Quantifiable outcome

• 79% of fleet is eco-designed vessels
• +5 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, strategic, operational and support.

• OceanScorecoreTechnology or Integration · 4 August 2025OceanScore provides compliance solutions for EU ETS and FuelEU Maritime regulations. Cetus Maritime uses the platform to streamline emissions tracking, pool surplus credits, and reduce compliance costs. OceanScore counts Cetus among major shipping operator clients including Anglo-Eastern, Eurotankers, Almi Marine, Eurobulk, and Meiji Shipping.
• League Of Whale GuardiansstrategicStrategic or Co-development Partner · 1 May 2025Cetus Maritime joined the League Of Whale Guardians in May 2025 as part of commitment to marine conservation. Partnership means fleet will adhere to established Whale Guardians official protocols to reduce ship strikes on whales and protect whale populations.
• Rhumb MaritimecoreStrategic or Co-development Partner · 12 February 2025Rhumb Maritime officially joined Cetus Maritime group in February 2025 and is now known as 'Cetus Maritime (Australia) Pty Ltd'. This continues nearly two decades of cooperation. Melbourne office continues under leadership of Lincoln Attersall and Nathan Jones.
• Nachipa CorpcoreStrategic or Co-development Partner · 12 March 2024South American based Nachipa Corp amalgamated with Cetus Maritime in March 2024. Nachipa brings 75 years of experience and strong reputation in South American trading. The merger added modern Japanese-built handysize vessels and expanded fleet to 40 owned and 25 chartered vessels with offices including Santiago, Chile.
• UMMS (Union Marine Management Services Pte Ltd)operationalTechnology or Integration · 15 January 2024UMMS oversaw installation of Starlink Satellite Communication on Cetus Bowhead during Singapore port call. Managing Director Mr. Gupta noted appreciation for Cetus's focus on crew welfare.
• MACN (Maritime Anti-Corruption Network)coreStrategic or Co-development Partner · 1 January 2024Cetus Maritime is a dedicated member of MACN since 2024, reaffirming commitment to a maritime industry free of corruption. Performance is anchored in MACN's Anti-Corruption Principles, monitored through annual Compliance Scorecard self-assessments.
• Good FuelsstrategicTechnology or Integration · 13 September 2023Fuel supplier for successful biofuel trial on board Cetus Beluga. Good Fuels supplied B100 sustainable marine biofuel (waste/residue based, second generation 100% biofuel) at Flushing, Netherlands port.
• Su-NavstrategicTechnology or Integration · 13 September 2023Technical management provider for biofuel trial on board Cetus Beluga, collaborating with Good Fuels and Cetus Maritime on the successful demonstration of biofuel emissions reduction.
• Yangzijiang FinancialstrategicStrategic or Co-development Partner · 14 August 2023Cetus Maritime and Yangzijiang Financial formed a handysize bulker venture in August 2023, expanding fleet capabilities and investment partnerships.
• Doun KisenstrategicStrategic or Co-development Partner · 12 December 2022Japan's Doun Kisen and Asia Maritime Pacific (AMP, now part of Cetus Maritime) formed handysize partnership with Doun acquiring five handysize vessels from AMP, chartered back to AMP on 4-5 year basis.
• Mission to SeafarerssupportOthersCharity providing help and support to 1.89 million seafarers who face danger every day. Cetus Maritime supports this charity as part of social responsibility initiatives.
• MSTI (Maritime Safety Training Institute)supportOthersCetus Maritime supports MSTI Cadet Training Program, a hands-on course designed to prepare deck and engine crew for careers at sea and on shore.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Diana Shipping: Greek-listed dry bulk owner with a broader mix including capesize and kamsarmax vessels; competes for the same large commodity-trader customers as Cetus but offers a wider portfolio and deeper capital base.
• Genco Shipping & Trading: US-listed dry bulk operator with capesize, supramax and ultramax vessels; overlaps with Cetus in the upper handysize/ultramax segment and shares the same global commodity-trader customer base, though it is more diversified by vessel size.

Direct peers

• Star Bulk Carriers: Major US-listed dry bulk owner-operator with significant handysize/ultramax exposure following its acquisition of Eagle Bulk; competes with Cetus for the same handysize chartering customers and pool arrangements, and represents the listed-capital competitive threat for future M&A.
• Pacific Basin Shipping: Hong Kong-listed pure-play handysize and supramax dry bulk owner-operator — the closest publicly traded peer to Cetus Maritime, operating a similar vessel mix with a comparable East-West chartering footprint and identical customer base among global commodity traders.
• Oldendorff Carriers: One of the world's largest privately held dry bulk shipowners with significant handysize/ultramax exposure; comparable in private status, vessel mix, and global chartering model, making it the most direct private competitor for talent, cargo, and roll-up targets.
• Eagle Bulk Shipping: Was a pure-play handysize/supramax owner-operator before its acquisition by Star Bulk; structurally identical to Cetus in fleet focus, customer mix, and trading area coverage, and now part of Star Bulk.
• Taylor Maritime: London-listed vehicle focused on handysize and supramax dry bulk tonnage with a similar consolidation strategy; highly comparable in fleet focus, customer segments, and growth playbook, making it the most relevant small-cap listed comparable.
• Grindrod Shipping: Handysize and supramax dry bulk owner-operator with a similar chartering-led business model; directly comparable in vessel size mix, customer base among commodity traders, and reliance on freight rate cycles.
• Berge Bulk: Privately held dry bulk operator with handysize-focused fleet and global chartering presence; similar in private status, fleet mix, and operational footprint, making it a strong private peer for valuation and operational benchmarking.

Others

• Cargill Ocean Transportation: Major commodity-trader-controlled ocean transportation arm and one of the largest charterers of handysize tonnage; not a direct competitor on the owner-operator side but a key counterparty and adjacent comparator for understanding customer-side dynamics in the same market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cetus-maritime

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cetus Maritime