- Castor Maritime (CTRM +1.4%) to acquire a 2008 Japanese-built Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $18.75M.
- The M/V Magic Perseus, a 2013 built Kamsarmax dry bulk carrier, following its acquisition by Castor, has been fixed on a time charter contract that commenced on August 20, 2021, at a daily gross charter rate of $35,000 and with a term of about 100 days.
- Acquisition is expected to be concluded by taking delivery of the vessel in Q4.
“We are happy to announce the acquisition of our 11th Panamax vessel, increasing our dry bulk fleet to 19 vessels. The vessel acquisition is expected to be financed with cash on hand and cash flows generated from operations. Furthermore, we are pleased to announce two new employment fixtures at daily gross rates of $35,000. Demand for dry bulk transportation services remains strong, allowing us to generate significant free cash flows and fund our growth plans.” said Petros Panagiotidis, CEO.