Castor Maritime Inc. Announces Vessel Acquisition

Source: www.gulfoilandgas.com 2/18/2021, Location: Europe

Castor Maritime Inc., a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.8 million.

The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:
“We are very happy to announce the acquisition of our third Kamsarmax dry bulk vessel and remain committed to our plan of steadily deploying capital and growing our fleet. Upon completion of all our recently announced acquisitions, our fleet will consist of twelve vessels, doubling in size since the beginning of 2021. We are working diligently in identifying and taking advantage of attractive opportunities presented to us across vessel sizes and segments.”


Nigeria >>  4/6/2021 - ADM Energy PLC, a natural resources investing company, is pleased to announce the completion of the 15th Lifting ("Lifting") at the Aje Field, part of...
Senegal >>  3/31/2021 - Woodside’s 323m-long very large crude carrier (VLCC) has arrived in China to undergo a metamorphosis into the floating production storage and offloadi...

Singapore >>  3/22/2021 - The technology group Wartsila has won the contract to supply the Cargo Handling and Fuel Supply systems for six new 93,000 m3 capacity Liquid Petroleu...
New Zealand >>  3/18/2021 - On 13th March, Damen Shipyards Group signed a contract with South Port New Zealand for the delivery of a Damen Azimuth Tractor Tug (ATD) 2412. The ves...

Norway >>  3/18/2021 - Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver compres...
Greece >>  3/16/2021 - Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced that it has taken delive...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.