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Castor Maritime grows tanker fleet as it charters out two bulkers

Nasdaq-listed Castor Maritime has returned to the secondhand sale and purchase market with a deal to acquire an aframax LR2 tanker, while also securing employment for two of its bulk carriers.

The Cyprus-based firm is adding a 2006 Korean-built tanker for $18.15m. The vessel should deliver this month with a three-month charter attached, at a daily rate of $15,000 and a 50% profit-sharing arrangement over such level, based on a predetermined formula. 

Meanwhile, the 2010-built kamsarmax Magic Twilight has been fixed on a time charter contract at $19,000 per day. The charter commenced on November 29, 2021, and has a duration of about 45 days.

Furthermore, the 2005-built panamax Magic Moon has been fixed for 60 days on a time charter contract at $17,500 per day. The charter commenced on December 3.

The latest purchase will take Castor’s fleet to 28 ships, including one capesize, seven kamsarmaxes, eleven panamaxes and nine tankers.

Adis Ajdin

Adis is an experienced news reporter with a backgroud in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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