Castor Maritime Announces New Charter Agreements

Castor

Castor Maritime, a diversified global shipping company, announced that the M/V Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,000. The charter commenced on March 6, 2022, and has a minimum duration of about 30 days.

The M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 103% of the average of the Baltic Panamax Index 5TC routes1. The charter is expected to commence on April 4, 2022, and will have a minimum duration of twelve months and a maximum duration of fifteen months at the charterer’s option.

The M/V Magic Venus, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 100% of the average of the Baltic Panamax Index 5TC routes1. The charter is expected to commence on April 15, 2022, and will have a minimum duration of about thirteen months and a maximum duration of about fifteen months (+/- 15 days) at the charterer’s option.

The benchmark vessel used in the calculation of the average of the Baltic Panamax Index 5TC routes is a non-scrubber fitted 82,500mt dwt vessel (Kamsarmax) with specific age, speed – consumption, and design characteristics.

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