Castor Maritime Inc. takes delivery of Kamsarmax dry bulk vessel
Published by Lydia Woellwarth,
Editor
Dry Bulk,
Castor Maritime Inc., a diversified global shipping company has announced that on 2 March 2021, it took delivery of the M/V Magic Venus, the 2010 Japanese-built Kamsarmax dry bulk vessel it had agreed to acquire as previously announced on 1 February 2021. The M/V Magic Venus acquisition was financed in its entirety with cash on hand.
The M/V Magic Venus is expected to commence employment under a time charter agreement on or about 5 March 2021, with a daily gross charter rate of US$18 500 and an expected term of between minimum five to seven months. Castor estimates to generate approximately US$2.8 million of gross incremental revenues for the minimum scheduled period of the charter and approximately US$4.2 million should employment extend to its maximum period, in each case assuming no off-hire days.
Read the article online at: https://www.drybulkmagazine.com/shipping/04032021/castor-maritime-inc-takes-delivery-of-kamsarmax-dry-bulk-vessel/
You might also like
Engine retrofits to reduce emissions on two bulk carriers
Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines on two bulk carrier vessels owned by Turkey-based Ulusoy Sealines. The planned engine retrofits and upgrades will extend the vessels’ operational life and improve performance and fuel efficiency, thereby reducing emissions. The orders were booked by Wärtsilä in 4Q24 and 1Q25.