Castor Maritime Announces Deliveries of the M/V Magic Orion and the M/V Magic Argo

Source: www.gulfoilandgas.com 3/19/2021, Location: Europe

Castor Maritime Inc., a diversified global shipping company, announces that on March 17, 2021, it took delivery of the M/V Magic Orion, a 2006 Japanese-built Capesize dry bulk carrier, and on March 18, 2021, it took delivery of the M/V Magic Argo, a 2009 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on January 20 and February 3, 2021, respectively. Both acquisitions were financed in their entirety with cash on hand.

The M/V Magic Orion is expected to commence employment under a time charter contract on or around March 20, 2021, at a daily gross charter rate of $21,000 and an expected term of about 35 days. The M/V Magic Argo is expected to commence employment under a time charter contract on or around March 21, 2021, at a daily gross charter rate of $25,100 and an expected term of about four months.


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