Castor maritime inc. announces the sale of the m/v magic venus for $17.5 million with an expected net gain of $3.5 million

Limassol, cyprus, jan. 05, 2024 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on december 21, 2023, the company entered into an agreement with an entity beneficially owned by a family member of our chairman, chief executive officer and chief financial officer for the sale of the m/v magic venus, a 2010-built kamsarmax bulk carrier vessel, for a price of $17.5 million. the terms of the transaction were negotiated and approved by a special committee of our disinterested and independent directors. the vessel is expected to be delivered to its new owner by the end of the first quarter of 2024.
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