Benzinga | Sep 22, 2021 04:25PM EDT

Castor Maritime Enters New Charter Agreements For Two Vessels

* Castor Maritime Inc (NASDAQ:CTRM) has taken the delivery of M/V Magic Mars, the 2014 Korean-built Panamax dry bulk carrier, on September 20, 2021.

* The company has entered a charter agreement for the M/V Magic Mars 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.

* 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.

* Price Action: CTRM shares closed higher by 3.75% at $2.49 on Wednesday.