M/V Magic Perseus
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Castor Maritime Inc. Announces the Sale and Leaseback of the M/V Magic Perseus
Globenewswire· 2026-01-05 14:00
Core Viewpoint - Castor Maritime Inc. has signed a sale and leaseback agreement for the M/V Magic Perseus, a Kamsarmax bulk carrier, with a Japanese counterparty, expected to conclude in January 2026 [1]. Group 1: Transaction Details - The bareboat financing for the M/V Magic Perseus amounts to $15.6 million, with a duration of eleven years [2]. - The agreement includes a put option for the counterparty at the end of year eight and a purchase option for the company starting at the end of the second year of the bareboat charter period [2]. Group 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, an asset manager listed in Frankfurt [3].