Dry CargoEurope

Castor Maritime finds work for new kamsarmax

Nasdaq-listed Greek shipowner Castor Maritime has taken delivery of its first kamsarmax and the vessel will immediately go out on charter.

Castor moved into the kamsarmax segment last month, forking out $15.85m for the Japanese-built Key Evolution. The vessel was delivered earlier this week and has been renamed Magic Venus.

The vessel is now set to commence employment tomorrow under a time charter agreement at $18,500 per day for a period of five to seven months. It will generate around $2.8m to $4.2m depending on the employment period, assuming no off-hire days.

Castor had a busy February, snapping up three kamsarmax bulkers, a capesize bulker and two aframax tankers adding to its fleet of six panamaxes.

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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