Castor Maritime Inc. announced on December 2, 2024, that it entered into an agreement on November 13, 2024, to sell the M/V Ariana A, a 2005-built 2,700 TEU containership vessel. The sale price for the vessel is $16.5 million.
The company expects to record a net loss of approximately $3.3 million from the sale of the M/V Ariana A, excluding any transaction-related costs. This loss is anticipated to be recognized during the first quarter of 2025.
The M/V Ariana A is expected to be delivered to its new owner during the first quarter of 2025. This divestiture is part of Castor Maritime's ongoing fleet adjustments.
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