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Castor dives into the ultramax shipping sector

Published by , Assistant Editor
Dry Bulk,


Castor Maritime Inc. has announced that on 16 July 2024, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015-built ultramax dry bulk carrier vessel from an unaffiliated third-party, for a purchase price of US$25.5 million.

The acquisition is expected to be concluded by taking delivery of the vessel during 3Q24 and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, CEO of the company commented: “In continuation of our efforts to renew and develop our fleet, we are excited to announce Castor’s entry into the ultramax segment. We remain committed to our growth trajectory by seeking further opportunities in the shipping space, including opportunities to modernise our fleet."

Following the completion of the above-mentioned vessel acquisition, Castor will own a fleet of 11 vessels, with an aggregate capacity of 0.8 million DWT, consisting of three kamsarmax vessels, five panamax dry bulk vessels, one ultramax vessel and two 2700 TEU containership vessels.


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Read the article online at: https://www.drybulkmagazine.com/shipping/26072024/castor-dives-into-the-ultramax-shipping-sector/

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