Cyprus Shipping News Deals and strategy
Castor Maritime announces Joint Venture and Contribution of the M/V Magic Starlight
Castor Maritime Inc. has announced the formation of a joint venture with third-party investors, arranged by Fearnley Securities AS, to acquire, own, and operate the M/V Magic Starlight. Castor Maritime contributed the vessel to the joint venture for a 30% equity interest and $18.75 million in cash. The transaction, completed on August 6, 2026, is expected to result …