Castor maritime inc. announces the sale of the m/v magic argo for $15.75 million with an expected net gain of $3.0 million and the termination of the sale of the m/v magic moon

Limassol, cyprus, sept. 26, 2023 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on september 22, 2023, the company entered into an agreement with an unaffiliated third party for the sale of the m/v magic argo, a 2009-built kamsarmax bulk carrier, for a price of $15.75 million. the vessel is expected to be delivered to her new owners during the fourth quarter of 2023.
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