AcquisitionsJun 22, 2026, 07:47 AM
Castor Maritime Acquires Kamsarmax Bulk Carrier for $37.5M
AI Summary
Castor Maritime Inc. announced the acquisition of a 2023-built modern-eco Kamsarmax bulk carrier vessel from an unaffiliated third party for $37.5 million. The company expects to fund the acquisition with cash on hand, with delivery anticipated by the end of the current quarter. Upon completion, Castor Maritime's fleet will expand to 10 vessels, with an aggregate capacity of 0.7 million dwt.
Key Highlights
- Acquired a 2023-built modern-eco Kamsarmax bulk carrier vessel.
- Purchase price for the vessel is $37.5 million.
- Acquisition expected to be concluded by the end of the quarter.
- Funding for the acquisition will be from cash on hand.
- Company's fleet will comprise 10 vessels upon completion.
- Aggregate fleet capacity will be 0.7 million dwt.
Price Impact
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