Benzinga | May 25, 2021 09:20AM EDT

Castor Maritime Reports Deliveries Of M/V Magic Nebula, M/T Wonder Vegas, M/V Magic Starlight

Castor Maritime Inc. (NASDAQ:CTRM), ("Castor", or the "Company"), a diversified global shipping company, announces that:

* On May 20, 2021, Castor took delivery of the M/V Magic Nebula, the 2010 Korean-built Kamsarmax dry bulk carrier, it had agreed to acquire as previously announced on March 10, 2021;

* On May 21, 2021, Castor took delivery of the M/T Wonder Vega, the 2005 Korean-built Aframax tanker, it had agreed to acquire as previously announced on April 16, 2021. The M/T Wonder Vega has been entered in an unaffiliated tanker pool specializing in the employment of Aframax tanker vessels; and

* On May 23, 2021, Castor took delivery of the M/V Magic Starlight, the 2015 Chinese-built Kamsarmax dry bulk carrier it had agreed to acquire as previously announced on April 19, 2021. The M/V Magic Starlight was delivered to the Company with a time charter contract attached with a reputable charterer, at a daily gross charter rate equal to 114% of the Baltic Panamax Index, and with an estimated remaining term of about 17 to 21 months.

All three acquisitions were financed in their entirety with cash on hand.