Home Cyprus Castor Maritime announces new charter agreements

Castor Maritime announces new charter agreements

Castor Maritime, a diversified global shipping company, announces that:
The M/V Magic Nova, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 92% of the average of the Baltic Panamax Index 5TC routes1
. The charter commenced on November 17, 2021, and has a minimum duration of eleven
months and a maximum duration of about fourteen months (+/- 15 days) at the charterer’s option.
The M/V Magic Orion, a 2006 built Capesize dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 101% of the average of the Baltic Capesize Index 5TC routes2
. The charter is expected to commence on or around November 21, 2021, and will
have a minimum duration of eleven months and a maximum duration of fourteen months at the charterer’s option.
The M/V Magic Vela, a 2011 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $19,000 plus a one-time gross ballast bonus of $550,000.
The charter is expected to commence on or around November 29, 2021, and will have a duration of about 45 days.
The M/V Magic Pluto, a 2013 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 91% of the average of the Baltic Panamax Index 5TC routes1
. The charter is expected to commence on December 7, 2021, and will have a minimum
duration of eleven months and a maximum duration of about fourteen months (+/- 15 days) at the charterer’s option.