Castor Maritime led-by Petros Panagiotidis is selling a 2010-built Kamsarmax bulk carrier at a juicy price of $17.5 million and an expected net gain of $4.0 Million.

The vessel is the Magic Twilight and will be delivered to its new owner during the third quarter of 2023.

The deal was closed on June 2, 2023 and the company didn’t disclose the name of the buyer.

The conclusion of the sale agreement is subject to the execution of definitive documentation customary for this type of transaction.

The Limassol-based diversified shipping company expects to record during the third quarter of 2023 a net gain on the sale of the Kamsarmax bulk carrier Magic Twilight of approximately $4.0 million, excluding any transaction related costs.

The Nasdaq-listed company owns a fleet of 21 vessels, with an aggregate capacity of 1.7 million dwt, currently consisting of one Capesize, seven Kamsarmax, eleven Panamax dry bulk vessels, two 2,700 teu containership vessels, which include the vessel Magic Twilight and the Magic Moon that the company agreed to sell on June 2, 2023 and March 23, 2023.