Shipping transportation services provider Castor Maritime has taken delivery of two containership vessels, called M/V Ariana A and M/V Gabriela A.

The company had announced the purchase of the vessels at the same time as its earnings results for the third quarter of the year.

With a minimum gross daily hire of $23,250, the M/V Ariana A is presently involved in a time charter contract with a minimum remaining duration of around four months.

Meanwhile, the M/V Gabriela A is currently engaged under a time charter contract with a minimum duration of about 16 months and minimum gross daily hire of $26,350.

The company acquired both vessels using cash on hand, as well as net proceeds from a new senior term loan facility.

Castor Maritime completed the $22.5m senior term loan facility from an Asian financial institution through two of its container vessel shipowning subsidiaries.

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The net proceeds from the loan facility will be used to finance part of the acquisition price of the two vessels.

According to the company, the loan facility has a tenure of five years.

In January, Castor Maritime took delivery of two further vessels, named M/T Wonder Bellatrix and M/V Magic Callisto.

Castor Maritime uses its ownership of oceangoing cargo vessels to offer shipping transportation services to its customers.

The company has a fleet of 30 vessels, including one Capesize, seven Kamsarmax and 12 Panamax dry bulk vessels, one Aframax, five Aframax/LR2 and two Handysize tankers, and two 2,700 twenty-foot equivalent unit (TEU) containership vessels.