Castor Maritime Inc. Completes Sale and Leaseback of M/V Magic Thunder

SEC Filing 6-K (0001140361-25-028011)

Castor Maritime Inc. (NASDAQ: CTRM) announced the completion of a sale and leaseback transaction for the M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier vessel, with a Japanese counterparty on July 29, 2025. The bareboat financing amounts to $14.6 million, has a duration of five years, and includes a purchase option for the Company starting at the end of the second year of the bareboat charter period. This transaction is part of the Company's strategy to manage its fleet and financial resources effectively. Castor Maritime Inc. is a diversified global shipping and energy company with a fleet of 9 vessels and a majority stake in MPC Münchmeyer Petersen Capital AG.