Castor Maritime announces panamax sale
Published by Oliver Kleinschmidt,
Editorial Assistant
Dry Bulk,
Castor Maritime Inc. has announced that on 23 May 2024, it completed the previously announced sale of the m/v Magic Vela, a 2011-built panamax bulk carrier vessel, for a price of US$16.4 million, by delivering the vessel to its new owner.
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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Read the article online at: https://www.drybulkmagazine.com/shipping/24052024/castor-maritime-announces-panamax-sale/
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