Benzinga | Apr 14, 2021 09:05AM EDT

Castor Maritime Announces Deliveries Of M/V Magic Twilight And M/V Magic Thunder

Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), 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. Both acquisitions were financed in their entirety with cash on hand.



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.