The Cyprus based and Nasdaq-listed shipowner Castor Maritime took on October 9 delivery of the M/V “Magic Ariel”.

She is a 2020-built Kamsarmax bulk carrier vessel which the company acquired at $29.95 million as reported on the 30th of September 2024 by Shipping Telegraph.

The company disclose that the M/V “Magic Ariel” will be employed under a time charter contract with a minimum duration of about seven months, at a gross daily rate equal to 108% of the Baltic Panamax Index 5TC (BPI5TC).

Castor Maritime will after this delivery own a fleet of 13 vessels, with an aggregate capacity of 0.9 million dwt and same consist of four kamsarmax vessels, five panamax dry bulk vessels, one ultramax vessel, one 1,850 teu containership vessel and two 2,700 teu containership vessels.