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Castor Maritime to sell two vessels for $28M

  • Castor Maritime (NASDAQ:CTRM) entered into two separate agreements in March for the sale of the M/V Magic Eclipse, a 2011-built Panamax bulk carrier vessel, and the M/V Magic Callisto, a 2012-built Panamax vessel, for a combined price of $28M.
  • The vessels are expected to be delivered to their new owners in the first half of 2025.
  • CTRM +11.15% after hours to $2.79.
  • Source: Press Release
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