Castor maritime inc. announces the completion of the sale of the m/v magic sun

Limassol, cyprus, nov. 15, 2023 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on november 14, 2023, the company completed the previously announced sale at a price of $6.55 million of the m/v magic sun, a 2001-built panamax bulk carrier vessel, by delivering the vessel to its new owner. the company expects to record during the fourth quarter of 2023 a net gain on the sale of the m/v magic sun of approximately $1.0 million, excluding any transaction-related costs.
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