Castor Maritime Inc. takes delivery of Panamax vessel
Published by Sarah Smith,
Assistant Editor
Dry Bulk,
Castor Maritime Inc. has announced that on 20 September 2021, it took delivery of M/V Magic Mars, the 2014 Korean-built Panamax dry bulk carrier it had agreed to acquire as previously announced on 17 May 2021. The vessel acquisition was financed in its entirety with cash on hand.
M/V Magic Mars has been fixed on a time charter contract at a gross daily charter rate of US$34 600. The charter is expected to commence on or around 24 September 2021, and will have a duration of approximately 75 days.
The company also announces that M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of US$33 500. The charter commenced on 14 September 2021, and has a duration of approximately 90 days.
Mr. Petros Panagiotidis, Chief Executive Officer of Castor commented:
“We continue to see strong demand for dry bulk transportation services, as evidenced by our recent employment fixtures at attractive gross daily charter rates.
Our well-timed expansion plans in early 2021 and persistent focus on prompt deliveries of acquired vessels, allow our company to take advantage of this strong market with a dry bulk fleet consisting of 19 vessels on a fully delivered basis.”
Read the article online at: https://www.drybulkmagazine.com/shipping/23092021/castor-maritime-inc-takes-delivery-of-panamax-vessel/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Diana Shipping Inc. announces time charter contracts with ASL and ST shipping
The “DSI Pyxis” is a 60 362 dwt Ultramax dry bulk vessel built in 2018. The “Maia” is a 82 193 dwt Kamsarmax dry bulk vessel built in 2009.