Castor Maritime Inc. Announces the Sale of the M/V Magic Eclipse and of the M/V Magic Callisto for an Aggregate $28.0 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 21 2025
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Source: Globenewswire
Company Agreements: Castor Maritime Inc. has entered into agreements for the sale of two Panamax bulk carrier vessels, M/V Magic Eclipse and M/V Magic Callisto, to entities owned by a family member of its Chairman for a total of $28 million, with delivery expected in the first half of 2025.
Company Overview: Castor Maritime is a diversified global shipping and energy company that owns a fleet of 12 vessels and is involved in various sectors including investment, asset management, and energy infrastructure projects.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
