Castor maritime inc. announces the sale of the m/v magic orion for $17.4 million with an expected net gain of $2.0 million and the completion of the sale of the m/v magic argo

Limassol, cyprus, dec. 18, 2023 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on december 7, 2023, the company entered into an agreement with an unaffiliated third party for the sale of the m/v magic orion, a 2006-built capesize bulk carrier vessel, for a price of $17.4 million. the vessel is expected to be delivered to its new owner by the end of the first quarter of 2024.
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