Castor Maritime Inc. Announces the Sale and Leaseback of the M/V Magic Thunder

Core Viewpoint - Castor Maritime Inc. has successfully completed a sale and leaseback transaction for the M/V Magic Thunder, enhancing its financial flexibility and operational capacity [1][2]. Company Overview - Castor Maritime Inc. is a diversified global shipping and energy company involved in asset management, vessel ownership, technical and commercial ship management, and energy infrastructure projects [3]. - The company's fleet consists of 9 vessels with a total capacity of 0.6 million deadweight tons (dwt) [3]. - Castor is the majority shareholder of MPC Münchmeyer Petersen Capital AG, a Frankfurt-listed asset manager [3]. Financial Transaction Details - The bareboat financing for the M/V Magic Thunder amounts to $14.6 million, with a duration of five years and a purchase option available to the company starting at the end of the second year of the charter period [2].