Castor Maritime sells another dry bulk vessel
Published by Oliver Kleinschmidt,
Assistant Editor
Dry Bulk,
Castor Maritime Inc. has announced that on 7 December 2023, the company entered into an agreement with an unaffiliated third party for the sale of the M/V Magic Orion, a 2006-built capesize bulk carrier vessel, for a price of US$17.4 million.
The vessel is expected to be delivered to its new owner by the end of 1Q24.
The company expects to record during 1Q24 a net gain of approximately US$2.0 million from the sale of the M/V Magic Orion, excluding any transaction related costs.
Furthermore, on 14 December 2023, the company completed the previously announced sale of the M/V Magic Argo, a 2009-built kamsarmax bulk carrier vessel, for a price of US$15.75 million, by delivering the vessel to its new owner.
The company expected to record during 4Q23 a net gain of approximately US$3.0 million from the sale of the M/V Magic Argo, excluding any transaction-related costs.
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