Castor Maritime has announced the sale of another dry bulk vessel

The company has expected to record during 4Q23 a net gain of approximately US$3.0 million from the sale of the M/V Magic Moon, excluding any transaction related costs.

Furthermore, on 27 November 2023, the company completed the previously announced sale of the M/V Magic Phoenix, a 2008-built panamax bulk carrier vessel, for a price of US$14.0 million, by delivering the vessel to its new owner.

The company has expected to record during 4Q23 a net loss of approximately US$2.6 million from the sale of the M/V Magic Phoenix, excluding any transaction-related costs.