Castor Maritime has announced the sale of older panamax
Published by Oliver Kleinschmidt,
Editorial Assistant
Dry Bulk,
Castor Maritime Inc. has announced that on 14 November 2023, it has completed the sale of the panamax M/V Magic Sun at a price of US$6.55 million, the 2001-built panamax bulk carrier vessel was safely delivered to its new owner.
The company expects to record during the fourth quarter of 2023 a net gain on the sale of the M/V Magic Sun of approximately US$1.0 million, excluding any transaction-related costs.
With the sale concluded Castor has a fleet of 19 vessels, with an aggregate capacity of 1.5 million DWT, consisting of one capesize vessel, six kamsarmax vessels, including the M/V Magic Argo that the company agreed to sell on 22 September 2023, ten panamax dry bulk vessels, including the M/V Magic Phoenix which the company agreed to sell on 16 October 2023, and two 2700 TEU containership vessels.
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Read the article online at: https://www.drybulkmagazine.com/shipping/16112023/castor-maritime-has-announced-the-sale-of-older-panamax/
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