Cypriot bulker owner Castor Maritime has added to its period cover to protect cash flow during the coronavirus outbreak.

The company said its 76,000-dwt panamax Magic P (built 2004) had completed its scheduled dry docking and special survey on 21 March.

The ship then started work under a new charter contract with Comerge for between 90 to 105 days at a gross rate of $7,000 per day.