Castor Maritime Inc. Announces the Completion of the Sale of the M/V Ariana A

Core Viewpoint - Castor Maritime Inc. has completed the sale of the M/V Ariana A for $16.5 million, which is expected to result in a net loss of approximately$3.3 million in the first quarter of 2025, excluding transaction-related costs [1][2]. Company Overview - Castor Maritime Inc. is a diversified global shipping and energy company involved in investment and asset management, vessel ownership, technical and commercial ship management, and energy infrastructure projects [3]. - The company owns a fleet of 12 vessels with a total capacity of 0.8 million deadweight tons (dwt) [4]. Recent Transactions - The sale of the M/V Ariana A, a 2005-built 2,700 TEU containership, was completed on January 22, 2025 [1]. - The company had previously agreed to sell the M/V Gabriela A on December 4, 2024 [4].