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What happened
Price moves on the stock market don t always make sense, and I think what happened today to shares of dry bulk shipping company
Maritime Activity Reports, Inc.
Illustration only - Credit: STOCKSTUDIO/AdobeStock
Shipping company Castor Maritime has taken delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel.
The company, which owns a fleet of tankers and dry bulk carriers, announced the deal to acquire the vessel back on April 9, 2021.
It at the time said it would pay $18.48 million for the vessel The M/V Magic Eclipse acquisition was financed in its entirety with cash on hand, Castor Maritime said Wednesday. The M/V Magic Eclipse commenced employment today under a time charter contract at a daily gross charter rate of $26,500 and with an expected term of about 105 days, Castor Maritime said Wednesday.,
Castor Maritime Inc., a diversified global shipping company, announces that on June 7, 2021, it took delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel it had agreed to acquire as previously announced on April 9, 2021. The M/V Magic Eclipse acquisition was financed in its entirety with cash on hand. .
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