Castor Maritime signs time charter contract with Oldendorff for panamax vessel
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
On Thursday last week, Castor Maritime Inc., an international shipping company specialising in the ownership of dry-bulk vessels, announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its panamax vessel Magic P. The gross charter rate is US$11 250/d, for a period of a minimum of 5 months up to a maximum of about 8 months (for the first 30 days period the daily gross rate is US$9000). The charter commenced on 12 March 2019.
The Magic P is a 76 453 DWT panamax bulk carrier built in 2004 in Japan. All things being equal, this employment is anticipated to generate approximately US$1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$2.6 million should employment be extended to its maximum period. We cannot guarantee that any such extension will occur.
Read the article online at: https://www.drybulkmagazine.com/shipping/18032019/castor-maritime-signs-time-charter-contract-with-oldendorff-for-panamax-vessel/
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