Cyprus-based shipowner Castor Maritime will sell one of its three containerships, taking a loss of about $3.3m.
The Petros Panagiotidis-led company has struck a $16.5m deal with an unaffiliated third party for the 2005-built 2,700 teu Ariana A.
The company picked up the German-built boxship, estimated by VesselsValue at $17.25m, in a family-related deal from Ismini Panagiotidi-controlled Pavimar Shipping for $25.38m in late 2022.
The Nasdaq-listed company currently owns a fleet of 13 vessels, comprising 10 bulkers and three containerships. The sale, which follows the acquisition of the 2009-built 1,850 teu Raphaela for $16.49m in September, is expected to close in the first quarter of 2025.