Castor Maritime has announced the sale of older panamax

The company expects to record during the fourth quarter of 2023 a net gain on the sale of the M/V Magic Sun of approximately US$1.0 million, excluding any transaction-related costs.

With the sale concluded Castor has a fleet of 19 vessels, with an aggregate capacity of 1.5 million DWT, consisting of one capesize vessel, six kamsarmax vessels, including the M/V Magic Argo that the company agreed to sell on 22 September 2023, ten panamax dry bulk vessels, including the M/V Magic Phoenix which the company agreed to sell on 16 October 2023, and two 2700 TEU containership vessels.