Panamax delivery and new charter agreements for Castor Maritime Inc
Published by Sarah Smith,
Assistant Editor
Dry Bulk,
Castor Maritime Inc has announced that on 26 October 2021, it took delivery of M/V Magic Phoenix, the 2008 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on 26 August 2021. The vessel acquisition was financed in its entirety with cash on hand.
M/V Magic Phoenix has been fixed on a time charter contract at a gross daily charter rate equal to 102% of the average of the Baltic Panamax Index 4TC routes. The charter is expected to commence on or around 28 October 2021, and will have a minimum duration of 11 months and a maximum duration of 14 months at the charterer’s option.
The company has also announced that the M/V Magic Venus, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of US$38 000. The charter commenced on 16 October 2021, and has a duration of approximately 60 days.
Read the article online at: https://www.drybulkmagazine.com/shipping/27102021/panamax-delivery-and-new-charter-agreements-for-castor-maritime-inc/
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