Castor Maritime Inc. announces US$28 million sale of two Panamax dry bulk vessels
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
Castor Maritime Inc., a diversified global shipping and energy company, has announced that in March 2025, the Company entered into two separate agreements with entities beneficially owned by a family member of the Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Eclipse, a 2011-built Panamax bulk carrier vessel, and the M/V Magic Callisto, a 2012-built Panamax vessel, for a combined price of US$28.0 million.
The terms of each transaction were negotiated and approved by a special committee of our disinterested and independent directors. The vessels are expected to be delivered to their new owners during the remainder of 1H25.
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Read the article online at: https://www.drybulkmagazine.com/shipping/24032025/castor-maritime-inc-announces-us28-million-sale-of-two-panamax-dry-bulk-vessels/
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