Skip to main content

Castor Maritime acquires Panamax dry bulk carrier

Published by , Assistant Editor
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 purchase a 2011 Japanese-built Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of US$18.48 million.

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

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

“We are pleased to announce our ninth vessel acquisition in 2021 with the addition of another Panamax dry bulk vessel to Castor’s fleet. Our focus remains on deploying our capital and growing our fleet through timely acquisitions of vessels across shipping segments.”

Read the article online at: https://www.drybulkmagazine.com/shipping/09042021/castor-marine-acquires-panamax-dry-bulk-carrier/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 

Port of Mackay sees milestone start

More than two million t of trade have passed through the Port of Mackay in seven months, underlying the publicly owned port's versatility and importance to the region.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Panamax news