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Castor Maritime Inc. Announces the Sale of the M/V Magic Eclipse and of the M/V Magic Callisto for an Aggregate $28.0 Million
CTRMCastor Maritime (CTRM) GlobeNewswire·2025-03-21 20:05

Core Viewpoint - Castor Maritime Inc. has entered into agreements for the sale of two Panamax bulk carrier vessels for a total of 28.0million,withtransactionsapprovedbyaspecialcommitteeofindependentdirectors[1]CompanyOverview−CastorMaritimeInc.isadiversifiedglobalshippingandenergycompanyinvolvedininvestmentandassetmanagement,vesselownership,technicalandcommercialshipmanagement,andenergyinfrastructureprojects[2]−Thecompanyownsafleetof12vesselswithatotalcapacityof0.8milliondeadweighttons(dwt)[3]RecentTransactions−ThecompanyhasagreedtoselltheM/VMagicEclipse(2011−built)andtheM/VMagicCallisto(2012−built)foracombinedpriceof28.0 million, with transactions approved by a special committee of independent directors [1] 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 [2] - The company owns a fleet of 12 vessels with a total capacity of 0.8 million deadweight tons (dwt) [3] Recent Transactions - The company has agreed to sell the M/V Magic Eclipse (2011-built) and the M/V Magic Callisto (2012-built) for a combined price of 28.0 million, with delivery expected in the first half of 2025 [1] - The M/V Gabriela A was also agreed to be sold on December 4, 2024, as part of the company's ongoing fleet management strategy [3]