News Image

Castor Maritime Inc. Announces the Sale of the M/V Magic Eclipse and of the M/V Magic Callisto for an Aggregate $28.0 Million

Provided By GlobeNewswire

Last update: Mar 21, 2025

LIMASSOL, Cyprus, March 21, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that in March 2025, the Company entered into two separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Eclipse, a 2011-built Panamax bulk carrier vessel, and the M/V Magic Callisto, a 2012-built Panamax vessel, for a combined price of $28.0 million. The terms of each transaction were negotiated and approved by a special committee of our disinterested and independent directors. The vessels are expected to be delivered to their new owners during the remainder of the first half of 2025.

Read more at globenewswire.com

CASTOR MARITIME INC

NASDAQ:CTRM (5/30/2025, 8:00:00 PM)

2.19

-0.05 (-2.23%)



Find more stocks in the Stock Screener

Follow ChartMill for more