Castor Maritime Inc. Takes Delivery of M/V Magic Celeste
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Castor Maritime Inc. Takes Delivery of M/V Magic Celeste
Company Overview
Castor Maritime Inc. (NASDAQ: CTRM), a diversified global shipping company, announces its recent acquisition of the M/V Magic Celeste, a 2015-built Ultramax dry bulk carrier. The vessel was acquired entirely with cash on hand. This delivery highlights the company's commitment to expanding its fleet and strategic growth in the shipping industry.
Details of the Vessel Acquisition
The M/V Magic Celeste has been secured under a time charter contract, which provides a gross daily charter rate equal to 111% of the average of the Baltic Supramax Index 10 TC routes. The charter is expected to commence soon after delivery and carries a minimum duration of nine months, allowing for stable revenue generation during this period.
About Castor Maritime Inc.
Castor Maritime Inc. specializes in providing international shipping transportation services, operating a diverse fleet of oceangoing cargo vessels. Currently, Castor owns a total of 11 vessels, with an aggregate capacity of approximately 0.8 million deadweight tons (dwt). This fleet composition includes three Kamsarmax dry bulk vessels, five Panamax dry bulk vessels, one Ultramax dry bulk vessel, and two 2,700 TEU containership vessels, showcasing the company's capability to meet various shipping demands.
Contact Information
For further information, please contact:
Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com
Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com
Frequently Asked Questions
What is the M/V Magic Celeste?
The M/V Magic Celeste is a 2015-built Ultramax dry bulk carrier recently acquired by Castor Maritime Inc.
How was the acquisition of M/V Magic Celeste financed?
The acquisition was financed entirely with cash on hand, reflecting the company's financial health.
What is the significance of the time charter contract for the M/V Magic Celeste?
The time charter allows the company to generate consistent revenue at a competitive daily rate for a minimum of nine months.
How many vessels does Castor Maritime Inc. own?
Castor Maritime Inc. owns a fleet of 11 vessels, which include various types of dry bulk carriers and containerships.
How can I contact Castor Maritime Inc. for more information?
You can contact Castor Maritime Inc. through email at ir@castormaritime.com for inquiries regarding their services and fleet.
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