The company expects to record a net gain of approximately US$2.7 million from the above-mentioned sale, excluding any transaction-related costs, during the 2Q24.
Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.
Castor owns a fleet of 11 vessels, with an aggregate capacity of 0.8 million DWT, currently consisting of three kamsarmax vessels, six panamax dry bulk vessels, including the m/v Magic Horizon, which the company agreed to sell on 29 January 2024, and two 2700 TEU containership vessels.
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