Benzinga | Sep 22, 2021 09:04AM EDT

Castor Maritime Inc. Announces New Charter Agreements And Delivery Of M/V Magic Mars

Castor Maritime Inc. (NASDAQ:CTRM), ("Castor", or the "Company"), a diversified global shipping company, announces that on September 20, 2021, it took delivery of M/V Magic Mars, the 2014 Korean-built Panamax dry bulk carrier it had agreed to acquire as previously announced on May 17, 2021. The vessel acquisition was financed in its entirety with cash on hand.



M/V Magic Mars has been fixed on a time charter contract at a gross daily charter rate of $34,600. The charter is expected to commence on or around September 24, 2021, and will have a duration of about 75 days.

The Company also announces that M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $33,500. The charter commenced on September 14, 2021, and has a duration of about 90 days.