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Castor Maritime Inc. Announces Vessel Acquisition

LIMASSOL, Cyprus, June 30, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels,

Benzinga · -

LIMASSOL, Cyprus, June 30, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that it entered today, through a separate wholly-owned subsidiary, into an agreement to purchase a 2007 Chinese-built Panamax dry bulk carrier for a purchase price of $7.85 million from an unaffiliated third party seller.

The acquisition is expected to be consummated by taking delivery of the vessel by the end of August 2020 and is subject to the satisfaction of certain customary closing conditions.