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Stock impact report

Castor Maritime Inc. Announces New Charter Agreements

Castor Maritime Inc. - Common Shares (CTRM) 
Company Research Source: GlobeNewswire
LIMASSOL, Cyprus, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that: The M/V Magic Nova, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 92% of the average of the Baltic Panamax Index 5TC routes1. The charter commenced on November 17, 2021, and has a minimum duration of eleven months and a maximum duration of about fourteen months (+/- 15 days) at the charterer’s option. The M/V Magic Orion, a 2006 built Capesize dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 101% of the average of the Baltic Capesize Index 5TC routes2. The charter is expected to commence on or around November 21, 2021, and will have a minimum duration of eleven months and a maximum duration of fourteen months at the charterer’s option. The M/V Magic Vela, a 2011 built Panamax dry b Show less Read more
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