Castor Maritime Inc. (“Castor” or the “Company”), a diversified global shipping and energy company, announces that on January 22, 2025, it completed the previously announced sale of the M/V Ariana A, a 2005-built 2,700 TEU containership vessel, for a price of $16.5 million by delivering the vessel to its new owner.
The Company expects to record during the first quarter of 2025 a net loss of approximately $3.3 million from the sale of the M/V Ariana A, excluding any transaction-related costs.