Castor maritime inc. announces the sale of the m/v magic sun and m/v magic phoenix for an aggregate $20.55 million

Limassol, cyprus, oct. 23, 2023 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on october 6, 2023 and october 16, 2023, respectively, the company entered into two separate agreements with two unaffiliated third parties for the sale of the (i) m/v magic sun, a 2001-built panamax bulk carrier vessel, for a price of $6.55 million and (ii) m/v magic phoenix, a 2008-built panamax bulk carrier vessel, for a price of $14.0 million. both vessels are expected to be delivered to their new owners during the fourth quarter of 2023.
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