Castor Maritime Sells M/V Gabriela A for $19.3 Million

Castor Maritime ( (CTRM) ) has provided an update.

Castor Maritime Inc. announced the sale of the M/V Gabriela A, a 2005-built containership, for $19.3 million, with an expected net gain of $0.8 million to be recorded in the first half of 2025. This transaction reflects the company’s strategic fleet management and could potentially enhance its financial performance and market positioning.

More about Castor Maritime

Castor Maritime Inc. is a diversified global shipping and energy company involved in investment and asset management, vessel ownership, technical and commercial ship management, and energy infrastructure projects. The company owns a fleet of 13 vessels and holds a significant share in the investment and asset manager MPC Münchmeyer Petersen Capital AG.

YTD Price Performance: -28.47%

Average Trading Volume: 60,350

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $29.37M

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