{"id":158497,"date":"2022-01-19T11:41:16","date_gmt":"2022-01-19T03:41:16","guid":{"rendered":"https:\/\/splash247.com\/?p=158497"},"modified":"2022-01-19T16:03:21","modified_gmt":"2022-01-19T08:03:21","slug":"castor-maritime-seals-55m-financing-and-new-charter","status":"publish","type":"post","link":"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/","title":{"rendered":"Castor Maritime seals $55m financing and new charter"},"content":{"rendered":"\n<p>Nasdaq-listed Castor Maritime has closed a $55m senior term loan facility with a European bank and secured a new fixture for one of its bulkers.<\/p>\n\n\n\n<p>The Cyprus-based firm said it intends to use the net proceeds, secured by five of its dry bulk vessels, for general corporate purposes, including supporting its growth plans. The largest Castor&#8217;s financing to date has a tenor of five years and bears interest at adjusted secured overnight financing rate (SOFR) plus 3.15% per year.<\/p>\n\n\n\n<p>Meanwhile, the 2012-built panamax bulk carrier \r\n\t\t\t<span style=\"color:#00adeb;\" class=\"mt_tooltip\" data-mturl=\"\/en\/ais\/details\/ships\/shipid:411417\/mmsi:538008243\/vessel:411417\"  data-mmsi=\"538008243\" data-imo=\"9641704\" data-dwt=\"74930\" data-yob=\"2012\" data-typename=\"Bulk Carrier\" data-typecolor=\"7\" data-countrycode=\"MH\" data-country=\"Marshall Is\" data-info=\"Bulk Carrier [MH]\" data-photourl=\"https:\/\/photos.marinetraffic.com\/ais\/showphoto.aspx?shipid=411417\" data-assetname=\"MAGIC CALLISTO\" data-assettype=\"Vessel\">Magic Callisto<\/span><img decoding=\"async\" style=\"display:none\" src=\"https:\/\/photos.marinetraffic.com\/ais\/showphoto.aspx?shipid=411417\" \/> has been fixed on a time charter contract at a daily charter rate equal to 101% of the average of the Baltic Panamax Index 4TC routes. The charter commenced on January 12 and will last between nine and about twelve months.<\/p>\n\n\n\n<p>Castor owns a fleet of 29 ships made up of 20 bulkers and nine tankers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed Castor Maritime has closed a $55m senior term loan facility with a European bank and secured a new fixture for one of its bulkers. The Cyprus-based firm said it intends to use the net proceeds, secured by five of its dry bulk vessels, for general corporate purposes, including supporting its growth plans. The largest &hellip;<\/p>\n","protected":false},"author":1003,"featured_media":123931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[57,70,65],"tags":[119],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Castor Maritime seals $55m financing and new charter - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Castor Maritime seals $55m financing and new charter - Splash247\" \/>\n<meta property=\"og:description\" content=\"Nasdaq-listed Castor Maritime has closed a $55m senior term loan facility with a European bank and secured a new fixture for one of its bulkers. The Cyprus-based firm said it intends to use the net proceeds, secured by five of its dry bulk vessels, for general corporate purposes, including supporting its growth plans. The largest &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/\" \/>\n<meta property=\"og:site_name\" content=\"Splash247\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Splash247\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-19T03:41:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-19T08:03:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/splash247.com\/wp-content\/uploads\/2020\/07\/Castor-Maritime.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adis Ajdin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/AdisAjdin\" \/>\n<meta name=\"twitter:site\" content=\"@splash_247\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adis Ajdin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/\"},\"author\":{\"name\":\"Adis Ajdin\",\"@id\":\"https:\/\/splash247.com\/#\/schema\/person\/c1dd08e556726dc4716efbacda9dfe33\"},\"headline\":\"Castor Maritime seals $55m financing and new charter\",\"datePublished\":\"2022-01-19T03:41:16+00:00\",\"dateModified\":\"2022-01-19T08:03:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/\"},\"wordCount\":148,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/splash247.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/splash247.com\/wp-content\/uploads\/2020\/07\/Castor-Maritime.jpg\",\"keywords\":[\"Greece\"],\"articleSection\":[\"Dry Cargo\",\"Europe\",\"Finance and Insurance\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/\",\"url\":\"https:\/\/splash247.com\/castor-maritime-seals-55m-financing-and-new-charter\/\",\"name\":\"Castor Maritime seals $55m financing and new charter - 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