Castor Maritime Nets $4.4m On Sale Of Elderly Panamax Bulker


Cyprus-based Castor Maritime has sold its 2007-built panamax bulk carrier Magic Rainbow to an unrelated third party for $12.6m, says an article published on splash.

Second quarter

The Nasdaq-listed bulker and boxship owner said it plans to deliver the 73,600 dwt vessel during the second quarter of 2023 and record a net gain of $4.4m.

Fleet of eight tankers

Castor owns a fleet of 22 vessels, the majority of which are panamax bulkers and has a pair of 2,700 teu containerships. A fleet of eight tankers was spun off earlier this year under a newly formed subsidiary, Toro.

The company booked a net profit of $33.7m in the final quarter of 2022.

Did you subscribe to our newsletter?

It’s free! Click here to subscribe!

Source: Splash


This site uses Akismet to reduce spam. Learn how your comment data is processed.