Castor Maritime Inc., a diversified global shipping company, has announced that on 28 May 2024, it completed the previously announced sale of the m/v Magic Horizon.
The ship is a 2010-built panamax bulk carrier vessel, for a price of US$15.8 million, by delivering the vessel to its new owner.
The company expects to record a net gain of approximately US$4.6 million from the above-mentioned sale, excluding any transaction-related costs, during the 2Q24.
Presently, Castor owns a fleet of 10 vessels, with an aggregate capacity of 0.7 million DWT, currently consisting of three kamsarmax vessels, five panamax dry bulk vessels and two 2700 TEU containership vessels.
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