Dry CargoEurope

Castor Maritime finds employment for soon-to-be-delivered panamax bulker

Nasdaq-listed bulker owner Castor Maritime has secured employment for its fifth panamax bulker which is set for delivery later this month.

Castor acquired the 2010-built Japanese bulker Faye from Soloi in July for $12.75m, and will rename it Magic Horizon when delivered in the middle of this month.

In advance of delivery, Castor has secured a new 10-14 months charter for the vessel at a rate of $11,000 per day. The new charter is scheduled to commence within a few days of delivery.

Castor has one further panamax set to deliver, the 2010-built Triton Hawk, which will be renamed Magic Nova.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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