The Cyprus based and Nasdaq-listed shipowner Castor Maritime has completed the sale of its boxship on January 22 with an undisclosed buyer.
Castor Maritime under the leadership of Petros Panagiotidis who serves as the company’s chairman of the board, CEO and CFO, has offloaded the 2005-built 2,700 TEU containership vessel M/V Ariana A.
The shipowner unveiled that the ship was sold for a price of $16.5m. The company delivered the vessel to its new owner.
The company said that it expects to record during the first quarter of 2025 a net loss of around $3.3m from the sale of the M/V Ariana A, excluding any transaction-related costs.
As of the latest updates, Castor owns a fleet of 12 vessels, with an aggregate capacity of 0.8 million dwt including the M/V Gabriela A that the company agreed to sell on December 4, 2024.
Furthermore, Castor is also the majority shareholder of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG.
