Panamax delivery and new charter agreements for Castor Maritime Inc


Castor Maritime Inc has announced that on 26 October 2021, it took delivery of M/V Magic Phoenix, the 2008 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on 26 August 2021. The vessel acquisition was financed in its entirety with cash on hand.

M/V Magic Phoenix has been fixed on a time charter contract at a gross daily charter rate equal to 102% of the average of the Baltic Panamax Index 4TC routes. The charter is expected to commence on or around 28 October 2021, and will have a minimum duration of 11 months and a maximum duration of 14 months at the charterer’s option.

See more here.


Share this article

Share on email
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Want to know more?

Sign up to the XL Anchor monthly newsletter to be the first to receive exclusive content and industry news.

Leave a Comment

Your email address will not be published. Required fields are marked *