Castor Maritime announced that on March 23, 2023, it entered into an agreement to sell a 2005-built Panamax bulk carrier to an undisclosed buyer for $13.95 million.
The vessel, Magic Moon, is expected to be delivered to its new owner during the third quarter of 2023.
Castor Maritime said it expects to record during the third quarter of 2023 a net gain of $5.3 million on the sale, excluding transaction related costs.
Voyant has successfully demonstrated its navigation software to the UK Ministry of Defence (MOD), marking an important step…
The Maritime and Port Authority of Singapore (MPA), CMA CGM Group and Singapore LNG Corporation (SLNG) signed a Memorandum…
A Japanese consortium led by shipping giant NYK Line has developed a new port-based floating data center concept designed…
Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the…
Military Sealift Command (MSC) is looking to hire and onboard record numbers of licensed engineers—and its sign-on bonuses reflect that.
Discover the operational costs hiding between your biggest transportation expenses.
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