Castor Maritime announces sale, leaseback of M/V Magic Thunder

Castor Maritime (CTRM) completed a sale and leaseback transaction for the M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier vessel with a Japanese counterparty. The bareboat financing amounts to $14.6M, has a duration of five years, and a purchase option for the Company, beginning at the end of the second year of the bareboat charter period.