Dry CargoEurope

Castor Maritime seals charter for latest panamax acquisition

Nasdaq-listed dry bulk owner Castor Maritime has taken delivery of its latest acquisition, a 2010-built Japanese panamax, and commenced a new time charter for the vessel.

Earlier this month, Castor acquired Triton Navigation’s Triton Hawk for $13.86m and the vessel has now been named Magic Nova.

Magic Nova has since commenced a charter for six to nine months at a rate of $10,400 per day, roughly in line with Castor’s average charter hire rate of $10,800.

Petros Panagiotidis led Castor Maritime listed on the Nasdaq early last year with a fleet of one single panamax bulker, the Magic P, and now has a fleet of six panamax bulkers.

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.
Back to top button