Castor Maritime (CTRM) has released an update.
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Castor Maritime Inc. has entered into an agreement to sell its 2005-built containership vessel, M/V Ariana A, for $16.5 million to an unaffiliated third party, with delivery expected in the first quarter of 2025. Despite the sale, the company anticipates recording a net loss of approximately $3.3 million during the same period, excluding transaction-related costs. This move is part of Castor’s ongoing strategy to manage its fleet and optimize financial performance.
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