Castor Maritime Inc Announces Kamsarmax Vessels Delivery

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  • Castor Maritime Inc. announces the delivery of the M/V Magic Twilight and M/V Magic Thunder.
  • The pursuant to the transactions was previously announced on February 18 and March 12, 2021, respectively.
  • Both acquisitions were financed in their entirety with cash on hand.

According to a press release published by Castor Maritime, Castor Maritime Inc., a diversified global shipping company, announces that on April 9, 2021, it took delivery of the M/V Magic Twilight, a 2010 Korean-built Kamsarmax dry bulk carrier, and on April 13, 2021, it took delivery of the M/V Magic Thunder, a 2011 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on February 18 and March 12, 2021, respectively and both acquisitions were financed in their entirety with cash on hand.

Commencement Employment of Vessels

The M/V Magic Twilight commenced employment under a time charter contract on April 13,
2021, at a daily gross charter rate of $19,000 with an expected term of about 20 days. The M/V Magic Thunder is expected to commence employment under a time charter contract on or around April 17, 2021, at a daily gross charter rate of $18,900 with an expected term of about 60 days.

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Source : Castor Maritime