Castor Maritime sells two dry bulk vessels
Published by Oliver Kleinschmidt,
Assistant Editor
Dry Bulk,
Castor Maritime Inc. announced that on 19 January 2024, the company entered into separate agreements for the sale of the M/V Magic Nova, a 2010-built panamax bulk carrier vessel, for a price of US$16.1 million and the M/V Magic Horizon, a 2010-built panamax bulk carrier vessel, for a price of US$15.8 million.
The terms of the transactions were negotiated and approved by a special committee of disinterested and independent directors. Both vessels are expected to be delivered to their new owners by the end of 1Q24.
The company expected to record during 1Q24 a net gain of approximately US$4.4 million from the sale of the M/V Magic Nova, excluding any transaction-related costs and a net gain of US$4.6 million from the sale of M/V Magic Horizon, excluding any transaction related costs.
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Read the article online at: https://www.drybulkmagazine.com/shipping/30012024/castor-maritime-sells-two-dry-bulk-vessels/
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