Castor Maritime Inc. has announced that on 10 November 2023 it entered into an agreement with an unaffiliated third party for the sale of the M/V Magic Moon, a 2005-built panamax bulk carrier vessel, for a price of US$11.8 million. The vessel is expected to be delivered to its new owner by the end of 4Q23.
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.
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