- Castor Maritime Inc., announces that it acquires a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $23.5 million.
- It entered through a separate wholly-owned subsidiary, into an agreement for the purchase.
According to a press release published by Castor Maritime Inc, Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $23.5 million.
Time Charterer Contract
The vessel will be delivered to the Company with a time charter contract attached with a
reputable charterer, at a daily gross charter rate equal to 114% of the Baltic Panamax Index, and with an estimated remaining term of about 17 to 21 months.
Vessel Acquisition
The 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.
Castor Maritime CEO’s Comments
Petros Panagiotidis, Chief Executive Officer of Castor, commented:
“We are pleased to announce our eleventh vessel acquisition in 2021 with the addition of
another Kamsarmax dry bulk vessel, our sixth, to Castor’s fleet. Upon completion of all our
announced acquisitions, our fleet will consist of seventeen vessels. With significant capital on hand, we continue to look for further opportunities to grow our fleet with the addition of high-quality tonnage.”
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Source : Castor Maritime Inc
