Castor Maritime Inc., a diversified global shipping company, has announced that on 17 March 2021, it took delivery of the M/V Magic Orion, a 2006 Japanese-built Capesize dry bulk carrier, and on 18 March 2021, it took delivery of the M/V Magic Argo, a 2009 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on 20 January and 3 February 2021, respectively. Both acquisitions were financed in their entirety with cash on hand.
The M/V Magic Orion is expected to commence employment under a time charter contract on or around 20 March 2021, at a daily gross charter rate of US$21 000 and an expected term of about 35 days. The M/V Magic Argo is expected to commence employment under a time charter contract on or around 21 March 2021, at a daily gross charter rate of US$25 100 and an expected term of about four months.