Cyprus-based shipowner Castor Maritime has announced the sale and leaseback transaction for a bulk carrier. The Petros Panagiotidis-led company said it successfully completed a sale and leaseback transaction for the Magic Thunder, a 2011-built kamsarmax bulk carrier vessel with a Japanese counterparty on July 29.
The Nasdaq-listed owner reported that the bareboat financing amounts to $14.6m, has a duration of five years, and a purchase option for the company, beginning at the end of the second year of the bareboat charter period.
Castor Maritime, a diversified global shipping and energy company, has activities directly and indirectly in asset management, vessel ownership, technical and commercial ship management and energy infrastructure projects.
Castor’s fleet comprises of nine vessels, drybulk and containerships, with an aggregate capacity of 0.6 million dwt. The company is also the majority shareholder of the Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.
