- Diversified global shipping company Castor Maritime Inc. (NASDAQ: CTRM) announced today that it entered into an agreement to buy a 2010 Korean-built Kamsarmax dry bulk carrier. These are the details.
Diversified global shipping company Castor Maritime Inc. (NASDAQ: CTRM) announced today that it entered (through a separate wholly-owned subsidiary) into an agreement to buy a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.45 million.
This acquisition is expected to be consummated by taking delivery of the vessel within the second quarter of this year and is subject to the satisfaction of certain customary closing conditions.
On a fully delivered basis, Castor will have a fleet of 13 vessels with an aggregate capacity of 1.2 million dwt, consisting of 1 Capesize, 4 Kamsarmax and 6 Panamax dry bulk vessels and 2 Aframax tankers.
KEY QUOTE:
“We are very happy to announce our seventh vessel acquisition in 2021 with the addition of another Kamsarmax dry bulk vessel, our fourth, to Castor’s fleet. Our focus remains on deploying our capital and growing our fleet through timely acquisitions of vessels across shipping segments.”
— Petros Panagiotidis, Chief Executive Officer of Castor
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