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March 21, 2009.
CTI Group today announced that it has taken delivery of the M/V Cyber I, which is a 10,000 deadweight cement carrier built 1992. The vessel has been renamed Queen Arrow II.
This brings the total fleet size owned by CTI to 21 ships, of which 9 are bulk carriers and the remaining 12 are cement floating terminals or cement carriers.
Mazen Dajani, CEO of CTI Group said: “We are very proud to be making announcements such as today’s, which show that we are still capable of expanding our business even in these very challenging market conditions. We are confident of our business plan and of the growth of CTI and will be looking for further acquisitions this year”.
Established in 1990, CTI Group is specialized in the trading of cement and clinker and owns and operates a fleet of cement terminals, cement carriers, and bulk carriers operating worldwide. The company maintains offices in the Grand Caymans, Jordan, Greece, UAE, USA, Malaysia, Egypt and the Philippines.
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