MAGIC L

General information

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Latest news

Ageing bulk carrier sold for $12.6m

The Cyprus-based Castor Maritime has sold the 'Magic Rainbow' to an unrelated third party for $12.6m. It plans to deliver the 73,600 dwt vessel during the second quarter of 2023 and record a net gain of $4.4m. Castor owns a fleet of 22 vessels, the majority of which are panamax bulkers. A fleet of eight tankers was spun off earlier this year under a newly formed subsidiary, Toro. The company booked a net profit of $33.7m in the final quarter of 2022.

Diana Shipping finds new charter for panamax bulker at reduced rate

Greek dry bulk owner Diana Shipping has sealed a time charter contract for 2007-built panamax vessel Arethusa with Ausca Shipping in Hong Kong. Commencing immediately, the contract is for a period of 12-15 months at a rate of $9,150 per day. The vessel has just come off a one-year contract with Glencore, where it was earning $12,600 per day.

New Period Charter

delivery New Mangalore April 25 - May 8, minimum 12 to maximum 15 months trading, redelivery worldwide, 12.600 $ daily, Glencore