Reviews & Ratings for the Magic-Perseus

Cyprus-based shipping company Castor Maritime has finalized a sale and leaseback arrangement for its Kamsarmax vessel, the 'Magic Perseus', with a Japanese partner. This strategic transaction is set to conclude in January 2026 and involves bareboat financing of $15.6 million. The agreement spans an 11-year term and grants the Japanese counterpart a put option at the end of the eighth year. Castor Maritime also retains a purchase option, effective from the conclusion of the second year of the bareboat charter. With a diversified fleet of nine vessels, Castor Maritime boasts an impressive aggregate capacity of approximately 600,000 deadweight tons (dwt), enhancing its operational capabilities in the maritime industry.

The MV Mizushima has successfully finalized a new charter agreement, securing a daily rate of $11,400. This contract, set for a duration of five to seven months, has been concluded with the renowned shipping company Oldendorff. This timely deal is set to optimize maritime operations, providing both parties with advantageous terms in the competitive shipping market.

A fresh period charter has been successfully established for a vessel operated by Bunge. The delivery is scheduled for February 15 - 16 from Qingdao, with the charter term ranging between three to six months. The vessel will be available for worldwide redelivery. For the initial 45 days, the charter rate is set at $9,500, followed by an increased rate of $14,000 for the remainder of the charter period.