Castor Maritime Announces Its $16.85m Worth Acquisition Deal

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Castor Maritime acquires a 2011-built Japanese kamsarmax bulker for $16.85m, says a press release published on their website.

Bulker acquisition

Nasdaq-listed Greek owner Castor Maritime has announced the $16.85m acquisition of a 2011-built Japanese kamsarmax bulker.

Delivery

Delivery is scheduled for sometime between the second and third quarter of this year. 

The kamsarmax is the fifth acquired by Castor this year, adding to a Capesize and two aframaxes added to the company’s fleet since the beginning of the year.

Previous acquisitions

Castor took delivery of one of the two aframaxes last week, Dubai Navigations’s Dubai Harmony which has been renamed Wonder Polaris. 

For more information read our article Castor Maritime Announces Its $15.45m Worth Acquisition Deal

The vessel is currently employed under a time charter contract with a minimum duration of about one year at a minimum rate of $15,000 per day.

Eighth vessel acquisition 

Petros Panagiotidis, chief executive officer of Castor, commented: “We are pleased to announce our eighth vessel acquisition in 2021 with the addition of another kamsarmax dry bulk vessel, our fifth, to Castor’s fleet. Upon completion of all our recently announced acquisitions, our fleet will consist of fourteen vessels.”

“In addition, we are also happy to announce the successful delivery of our first of two aframax LR2 tankers, marking our foray into the tanker market.”

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Source: Castor Maritime