The Cyprus based and Nasdaq-listed shipowner Castor Maritime has sealed a deal through its subsidiary to buy a modern kamsarmax bulker.
The firm said it has entered into an agreement with an unaffiliated third-party to acquire a 2020-built kamsarmax bulk carrier vessel for a purchase price of $29.95m.
The company says that it expects to finance the acquisition with cash on hand. The shipowner didn’t disclose any further details about the ship or the seller of the vessel.
The acquisition is expected to be concluded by taking delivery of the vessel during October 2024 and is subject to the satisfaction of certain customary closing conditions.
Castor will, following the completion of the vessel acquisition, own a fleet of 13 vessels, with an aggregate capacity of 0.9 million dwt.
The company’s fleet portfolio will consist of four kamsarmax vessels, five panamax dry bulk vessels, one ultramax vessel, one 1,850 teu containership vessel – which the company agreed to purchase on September 6 – and two 2,700 teu containership vessels.
