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Castor Maritime seals three new charters

Nasdaq-listed Castor Maritime has secured new time charter contracts for three of its bulk carriers.

The Cyprus-based firm has fixed the 2005-built panamax bulker Magic Moon on a time charter contract at a daily rate of $25,000. The charter commenced on March 6, 2022, and has a minimum duration of about 30 days.

Meanwhile, the 2009-built kamsarmax Magic Argo has been secured for a minimum of 12 and a maximum of 15 months at a daily rate equal to 103% of the average of the Baltic Panamax Index (BPI) 5TC routes. The charter is expected to commence on April 4, 2022.

Further, the 2010-built kamsarmax Magic Venus will fetch a daily charter rate equal to 100% of the average of the BPI 5TC routes from April 15, 2022, for a minimum duration of about 13 months, with options to extend up to 15 months.

Castor owns a fleet of 29 ships made up of 20 bulkers and nine tankers.

Adis Ajdin

Adis is an experienced news reporter with a background 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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