• 2021 May 18 18:37

    Castor Maritime announces new vessel acquisitions and the delivery of the M/V Magic Vela

    Castor Maritime Inc., a diversified global shipping company, announces that it entered, through two separate wholly-owned subsidiaries, into agreements to acquire a 2013 Japanese-built and a 2014 Korean-built Panamax dry bulk carrier from unaffiliated third-parties for a purchase price of $19.06 and $21.0 million respectively, according to the company's release.

    The acquisitions are expected to be consummated by taking delivery of the vessels within the third and fourth quarter of this year and are subject to the satisfaction of certain customary closing conditions.

    The 2013 Japanese-built dry bulk carrier will be delivered to the Company with a time charter contract attached with a reputable charterer, at a daily gross charter rate of $11,650 and with an estimated remaining term of about 2 to 4months.

    The agreement for the 2014 Korean-built Panamax dry bulk carrier contains a final purchase price adjustment mechanism, pursuant to which, in the event that the delivery of the vessel is concluded after July 20th, 2021, the purchase price shall be reduced by$10,500 per day from that day and until the day a valid notice of readiness for delivery is tendered by the seller.

    The Company also announces that, on May 12, 2021, it took delivery of the M/VMagic Vela, the 2011 Chinese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on April 28, 2021. The M/VMagic Vela acquisition was financed in its entirety with cash on hand.

    About Castor Maritime

    Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels. On a fully delivered basis, Castor will own a fleet of 26 vessels, with an aggregate capacity of 2.2million dwt, consisting of 1 Capesize, 7 Kamsarmax and 10 Panamax dry bulk vessels, as well as 1 Aframax, 5 Aframax/LR2 and 2 MR1 tankers.




2021 June 23

17:12 Lyttelton Port Company orders more Konecranes Noell Straddle Carriers
16:55 Sea Port of Saint-Petersburg installs new fire protection equipment
16:33 WISP2 project launched to further improve performance predictions, rules and regulations for wind propulsion
16:18 MPC Container Ships ASA signs agreement to acquire Songa Container AS and operational update
16:00 Federation Council approves expansion of Saint-Petersburg city limits with new plots of land in the Gulf of Finland
15:44 First zero-emission, full-electric shunting locomotives for Port of Rotterdam in production
15:24 Port of Antwerp converts a tug to methanol propulsion – a world first
15:13 Vopak awarded contract for industrial terminal in China
15:01 Russia’s shipbuilding companies secured 480 orders for 100dwt and larger ships till 2025
14:50 Pecém Complex signs cooperation agreement with SOHAR Port and Freezone, in Oman
14:37 New AR glasses allow Yara Marine Technologies to provide remote service and training
14:34 Kalmar celebrates completion of its 3000th reachstaker at Shanghai manufacturing unit
14:19 Port of San Diego partners with Canada’s Ocean Supercluster
14:03 DNV adds new class for cloud-based simulation
13:48 Maersk Supply Service wins its largest project contract ever
13:27 Designing non-fossil fuelled, Ulstein X-BOW container vessel for EDGE Navigation
12:51 Ramphosa announces establishment of Transnet National Ports Authority
12:30 Navigation season opens at Provideniya, Anadyr and Egvekinot ports
12:17 Höegh accelerates decarbonisation with new industry leading vessels
11:21 The Port of Gothenburg will offer shoreside power for tankers from 2023
10:09 Albwardy Damen recognised as Best New Building Yard at ShipTek Awards 2021
09:55 Rosmorport completes work on preservation of structures at international maritime terminal under construction in Pionersky
09:32 Baltic Dry Index as of June 22
09:27 MABUX: Global bunker prices do not have any firm trend on Jun 23
09:19 Oil prices rise on reduction of US reserves

2021 June 22

18:37 K”Line participates in R&D and demonstration project for CO2 marine transportation
18:13 Finnish authorities actively using EMSA’s remotely piloted aircraft to support vital coast guard tasks over the Baltic Sea
18:01 Port of Gothenburg ready to enter into joint venture with Castellum
17:57 EMSA: EU ship traffic fell by 10% in 2020 due to the COVID-19 pandemic
17:34 Ecochlor completes all land-based and shipboard testing for EcoOne™ filterless BWMS
17:15 Huntington Ingalls Industries announces first international order for REMUS 300 UUVs
17:00 Deepwater Container Terminal secured by Polish Prime Minister
16:14 New vessel brings Furetank to the UN 2050 climate goal
15:50 RF Navy ships arrive in Saint-Petersburg for IMDS-2021
15:27 Optimarin expands BWTS service offering for smart maintenance
15:14 China ports container volume rises 15.2% in January - May 2021
14:52 South Korea’s first commercialised hydrogen electric boat officially unveiled
14:46 List of check points for importing of pesticides and agricultural chemicals approved by RF Prime Minister
14:24 METIS and Geislinger integrate vibrations into Neptune Lines vessel performance trial
14:01 Kongsberg Digital to deliver real-time drilling software Sitecom® to Brazilian major Ocyan
13:42 New vessel brings Furetank to the UN 2050 climate goal
13:10 The ice thrusters for the walk to work ice breaker have been delivered at shipyard Royal Niestern Sander
12:37 ClassNK expands scope of Innovation Endorsement
12:10 MOL starts research and development on large-scale liquefied CO2 carrier
11:43 One Sea white paper sets agenda for autonomous ship safety regulation
11:00 Wärtsilä chosen to power British Columbia’s most environmentally advanced escort tugs
10:41 Oil price exceeds $75 per barrel
10:22 ABB and Keppel O&M reach key autonomy milestone with remote vessel operation trial in Port of Singapore
10:09 Crowley takes delivery of tugboat with the most compact size in the U.S.
09:50 DCSA releases interface standards for the bill of lading with API definitions
09:40 Checkpoint across RF state border opened at Passenger Port Saint Petersburg
09:26 MABUX: Global bunker prices may demonstrate firm upward evolution on Jun.22
09:13 Baltic Dry Index as of June 21

2021 June 21

18:26 The Port of València to eliminate one million plastic bottles
17:37 Elcome expands presence in Europe
17:06 Jan De Nul Group installs 72 wind turbines for the 604 MW Kriegers Flak wind farm
16:59 ICC Greenland joins the Arctic Economic Council
16:12 DNV completes successful concept verification review of Odfjell Oceanwind’s WindGrid™ floating wind power system
16:08 USCG conducts medevac 10 miles north of Manasquan Inlet, New Jersey
14:58 Port of Gdynia reports record high handling of liquid fuel