Castor Maritime Inc. Announces New Charter Agreement for Its Recently Acquired Vessel & Fleet Commercial Update
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that in connection with its previously announced acquisition of a 2010 Japan-built Panamax dry bulk carrier vessel (to be renamed Magic Horizon), the Company has secured employment for the subject vessel by entering into a new charter party contract with an expected term of between ten (10) to fourteen (14) months at a daily gross hire rate of $11,000. The new charter party is expected to commence a few days following the delivery of the vessel to the Company, which is expected to take place by mid-October 2020. Following this commercial development, the Company’s fleet employment profile as of today is as follows: Vessel NameDWTYearBuiltCountry ofConstructionDailyGrossCharterRateEstimated Redelivery Date(Earliest/ Latest)Magic P76,4532004Japan$9,000December 2020March 2021Ma
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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