Dry CargoEurope

Castor Maritime seals two new charters

Nasdaq-listed Castor Maritime has secured new time charter contracts with undisclosed clients for two of its bulk carriers.

The Greek owner has fixed the 2006-built capesize Magic Orion on a time charter contract at a daily rate of $73,000. The charter is expected to commence on or around October 8, 2021, and will have a duration of about 45 days.

Meanwhile, the 2011-built panamax Magic Eclipse has gone on a time charter contract on September 14 for between eight and ten months at $28,500 per day.

Last month, Castor sealed five charter deals for its bulkers Magic Mars, Magic Argo, Magic Nebula, Magic Moon, and Magic Nova. The company has grown its fleet to 27 vessels, having started the year with just six panamax bulkers. It now owns one capesize, seven kamsarmaxes, eleven panamaxes and eight 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.

Comments

  1. Such a useless company to buy stocks!
    They purchase and add hundreds of contracts but nothing happens to it. Regretting buying and now I am stuck!!!

    1. Be patient it takes time to show on the books, most contracts last 12-18 months. So a lot reported is still under old contracts at the lower bdi

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