Castor Maritime announces that on April 18, 2024, it completed the previously announced sale of the M/V Magic Nebula, a 2010-built Kamsarmax bulk carrier vessel, for a price of $16.2 million, by delivering the vessel to its new owner, an entity affiliated with a family member of our Chairman, Chief Executive Officer and Chief Financial Officer. The Company expects to record a net gain of approximately $2.5 million from the above-mentioned sale, excluding any transaction-related costs, during the second quarter of 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTRM:
- Castor Maritime Regains Nasdaq Listing Compliance
- Castor Maritime Inc. Announces Compliance with Nasdaq Minimum Bid Price Requirement
- Castor Maritime announces compliance with Nasdaq minimum bid price requirement
- Insider Trading: Eagle Bulk (NYSE:EGLE) Insider Purchases Shares Worth $11M
- Castor Maritime Announces Reverse Stock Split
