AcquisitionsJun 30, 2026, 09:12 AM
Castor Maritime Takes Delivery of Two Vessels, M/V Magic Saturn & Jupiter
AI Summary
Castor Maritime Inc. announced the delivery of two vessels, the M/V Magic Saturn and the M/V Magic Jupiter, on June 29, 2026. The M/V Magic Saturn was acquired for $41.9 million. Both acquisitions were funded using the company's cash on hand, expanding Castor Maritime's fleet to 11 vessels with a total capacity of 0.9 million dwt.
Key Highlights
- Castor Maritime took delivery of the M/V Magic Saturn on June 29, 2026.
- The M/V Magic Saturn was acquired for a purchase price of $41.9 million.
- The company also took delivery of the M/V Magic Jupiter on June 29, 2026.
- Both vessel acquisitions were funded with cash on hand.
- Castor Maritime's fleet now comprises 11 vessels with an aggregate capacity of 0.9 million dwt.
Price Impact
More from CTRM