The M/V Magic Venus is expected to commence employment under a time charter agreement on or about 5 March 2021, with a daily gross charter rate of US$18 500 and an expected term of between minimum five to seven months. Castor estimates to generate approximately US$2.8 million of gross incremental revenues for the minimum scheduled period of the charter and approximately US$4.2 million should employment extend to its maximum period, in each case assuming no off-hire days.
