The Cyprus based and Nasdaq-listed shipowner Castor Maritime has sealed an agreement to dispose a 2005-built boxship with an undisclosed buyer.
The company under the leadership of Petros Panagiotidis who serves as the company’s chairman of the board, CEO and CFO, entered into an agreement on December 4, through a wholly-owned subsidiary, with an unaffiliated third party to sell the 2,700 teu containership vessel Gabriela A.
The shipowner unveiled that the ship will be sold for a price of $19.3m with an expected net gain of $0.8m.
Specifically, the company expects to record during the first half of 2025 a net gain of around $0.8m from the sale of Gabriela A, excluding any transaction-related costs.
The boxship is expected to be delivered to its new owner during the first half of 2025.
The diversified global shipping and energy company owns a fleet of 13 vessels, with an aggregate capacity of 0.9 million dwt, including the vessel Ariana A that the company agreed to sell on November 13, and the vessel Gabriela A.
Castor is also the majority shareholder of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG.
