Castor Maritime Inc. (“Castor” or the “Company”), a diversified global shipping company, announces that on March 22, 2024, it completed the previously announced sale of the M/V Magic Orion, a 2006-built Capesize bulk carrier vessel, for a price of $17.4 million, by delivering the vessel to its new owner.
The Company expects to record a net gain of approximately $2.0 million from the above-mentioned sale, excluding any transaction-related costs during the first quarter of 2024.
