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.
Click here for free registration to Dry Bulk
Read the article online at: https://www.drybulkmagazine.com/shipping/24032025/castor-maritime-inc-announces-us28-million-sale-of-two-panamax-dry-bulk-vessels/
You might also like
Castor Maritime Inc. announces vessel acquisition and the delivery of M/V Magic Jupiter
Castor Maritime Inc. announce that it has entered into an agreement to acquire a 2024-built modern-eco Kamsarmax bulk carrier vessel, the M/V Magic Saturn, from an unaffiliated third party for a purchase price of US$41.9 million.