Castor Maritime announces delivery of M/V Magic Ariel

Castor Maritime announces that on October 9, 2024, it took delivery of the M/V Magic Ariel, the 2020-built Kamsarmax bulk carrier vessel it had agreed to acquire as previously announced on September 30, 2024. The vessel acquisition was financed in its entirety with cash on hand. The M/V Magic Ariel will be employed under a time charter contract with a minimum duration of about seven months at a gross daily rate equal to 108% of the Baltic Panamax Index 5TC.