Castor Maritime Inc. Announces Vessel Acquisition
Published by Alfie Lloyd-Perks,
Assistant Editor
Dry Bulk,
Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it has entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third-party to acquire a 2020-built Kamsarmax bulk carrier vessel for a purchase price of US$29.95 million. The Company expects to finance the acquisition with cash on hand.
The acquisition is expected to be concluded by taking delivery of the vessel during October 2024 and is subject to the satisfaction of certain customary closing conditions.
About Castor Maritime Inc.
Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels. Following the completion of the above-mentioned vessel acquisition, Castor will own a fleet of 13 vessels, with an aggregate capacity of 0.9 million dwt, consisting of four Kamsarmax vessels, five Panamax dry bulk vessels, one Ultramax vessel, one 1,850 TEU containership vessel which the Company agreed to purchase on September 6, 2024, and two 2,700 TEU containership vessels.
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Read the article online at: https://www.drybulkmagazine.com/dry-bulk/01102024/castor-maritime-inc-announces-vessel-acquisition/
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