AcquisitionsJun 22, 2026, 08:16 AM
Castor Maritime Acquires Vessel for $37.5 Million
AI Summary
Castor Maritime Inc. announced the acquisition of a vessel for $37.5 million. The company expects to fund the acquisition using cash on hand, with the transaction anticipated to close by the end of the current quarter, subject to customary closing conditions. This acquisition will expand Castor Maritime's fleet to 10 vessels, increasing its aggregate capacity to 0.7 million dwt.
Key Highlights
- Acquiring a vessel for a purchase price of $37.5 million.
- Acquisition expected to be concluded by the end of the quarter.
- Funding for the acquisition will come from cash on hand.
- Upon completion, Castor Maritime's fleet will comprise 10 vessels.
- Total aggregate capacity of the fleet will be 0.7 million dwt.
Price Impact
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