Oldendorff Carriers has agreed a short-term charter with Greek owner Castor Maritime for its sole vessel — a panamax bulker.

The German behemoth has fixed the 76,455-dwt Magic P (built 2004) for between five and eight months, it has been confirmed.

The gross charter rate is $11,250 per day with the first 30-day period fixed at a gross rate of $9,000 per day, Castor Maritime said.