NASDAQ-listed Panamax bulker owner Castor Maritime has announced that 2004-built bulker Magic P has completed its scheduled dry-docking and special survey and has immediately commenced a new charter contract.

The vessel was fixed to Comerge, a Chinese commodity trader and logistics firm, for a period of 90 to 105 days at a rate of $7,000 per day.

Comerge has been an active player in the bulk carrier charter market of late, having just fixed MC Shipping’s Kamsarmax Luke Dawn on a one-year charter. It also has several ships on charter from Navios.

Castor currently has three Panamaxes in its fleet, having listed on the NASDAQ early last year.