Castor Maritime Fixes Magic P with Oldendorff

March 17, 2019

The international shipping company specializing in the ownership of dry-bulk vessels Castor Maritime announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P.

The owners of a dry bulk vessels said in a press release that the gross charter rate is US$ 11,250 per day, for a period of a minimum of five months up to a maximum of about eight months (for the first 30 days period the daily gross rate is US$ 9,000). The charter commenced on March 12, 2019.

The “Magic P” is a 76,453 dwt Panamax bulk carrier built in 2004 in Japan.

All things being equal, this employment is anticipated to generate approximately US$ 1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$ 2.60 million should employment be extended to its maximum period. We cannot guarantee that any such extension will occur.  

Castor Maritime's vessel is employed primarily on medium-term charters and transports a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.

Logistics News

Cyprus Scraps $1.3 Billion Port Concession

Cyprus Scraps $1.3 Billion Port Concession

Stena Prosperous Bunkers Methanol in Singapore

Stena Prosperous Bunkers Methanol in Singapore

Green Marine Lays Foundation for its New Global Structure

Green Marine Lays Foundation for its New Global Structure

Dredging of Suape’s Outer Channel Completed

Dredging of Suape’s Outer Channel Completed

Subscribe for Maritime Logistics Professional E‑News