Castor Maritime Inc. Announces Delivery of the M/V Magic Horizon
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that on October 9, 2020 it took delivery of the 2010 Japan-built Panamax dry bulk vessel it had previously agreed to acquire as announced on July 29, 2020, the M/V Magic Horizon (the “Magic Horizon Acquisition”). The Magic Horizon Acquisition was financed in whole with cash on hand that the Company raised in the two equity offerings that it conducted in June and July of this year. On October 13, 2020, a few days following its delivery to the Company, the M/V Magic Horizon commenced employment under a previously announced time charter agreement with an expected term of between 10 to 14 months that is anticipated to provide the Company with approximately $3.3 million of gross incremental revenues for the minimum scheduled period of the time charter and approximately $4.8 milli
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CTRM
Sec Filings
- 4/22/24 - Form SC
- 4/22/24 - Form 6-K
- 4/22/24 - Form SC
- CTRM's page on the SEC website