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Castor Maritime Inc. announces dry bulk carrier acquisition

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Dry Bulk,

Castor Maritime Inc. has entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Japanese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of US$15.85 million.

The acquisition is expected to be consummated by taking delivery of the vessel within the first quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

“We are very excited to announce the acquisition of our first Kamsarmax vessel. Once again, we have demonstrated our ability to expand our fleet with the addition of our eighth vessel shortly after the announcement of our previous vessel acquisition.”

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Dry cargo shipping news