Castor Maritime has fixed a second panamax bulker to Oldendorff Carriers in a move that solidifies its relationship with the German owner.

The US and Oslo-listed bulker owner has fixed the Magic Sun (built 2001) for between eight and 12 months at a daily hire rate of $12,000.

The deal with Oldendorff is expected to net Castor Maritime a minimum of $2.9m