Castor Maritime Takes Delivery Of 2020-Built Kamsarmax Bulk Carrier M/V Magic Ariel, Financed With Cash On Hand
Portfolio Pulse from Benzinga Newsdesk
Castor Maritime has taken delivery of a 2020-built Kamsarmax bulk carrier named M/V Magic Ariel. The acquisition was financed with cash on hand. The vessel is secured under a time charter contract for a minimum of seven months at 108% of the Baltic Panamax Index 5TC.
October 10, 2024 | 1:07 pm
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Castor Maritime has expanded its fleet with the acquisition of M/V Magic Ariel, a 2020-built Kamsarmax bulk carrier. The vessel is secured under a profitable time charter contract, potentially boosting short-term revenues.
The acquisition of a modern vessel like the M/V Magic Ariel enhances Castor Maritime's fleet capacity. The time charter contract at 108% of the Baltic Panamax Index 5TC suggests a favorable revenue stream, likely boosting short-term financial performance.
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