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Castor Maritime grows fleet

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Dry Bulk,


Castor Maritime Inc., a diversified global shipping company, has announced that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2013 Japanese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of US$21.0 million.

The acquisition is expected to be completed by taking delivery of the vessel within the 2Q21 or beginning of 3Q21 and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented: “We continue to steadily execute our expansion plan with the addition of another Kamsarmax dry bulk vessel, to Castor’s fleet. Upon completion of all our announced acquisitions, our fleet will consist of 24 vessels across the dry bulk and tanker segments.”

Read the article online at: https://www.drybulkmagazine.com/shipping/04052021/castor-maritime-grows-fleet/

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