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Castor Maritime Kamsarmax enters new charter

Published by , Assistant Editor
Dry Bulk,

Castor Maritime Inc. has announced a new charter agreement for M/V Magic Argo as well as the delivery of M/T Wonder Formosa.

The company has announced that the M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, following completion of its previous employment contract, has been fixed on a time charter contract earning a daily gross charter rate of US$33 000, which commenced on 23 June 2021, with a term of approximately 100 days.

The company also announces that on 22 June 2021, it took delivery of the M/T Wonder Formosa, the 2006 Korean-built MR1 tanker it had agreed to acquire as previously announced on April 30, 2021. The M/T Wonder Formosa has been entered into Scorpio’s Handy Plus Pool, specialising in the employment of MR1 tanker vessels. The M/T Wonder Formosa acquisition was financed in its entirety with cash on hand.

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Dry bulk shipping market