Benzinga | Feb 1, 2021 08:43AM EST

Castor Maritime Inc. Announces $15.85M Vessel Acquisition

LIMASSOL, Cyprus, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a global shipping company specializing in the ownership of dry bulk vessels, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.85 million.



The acquisition is expected to be consummated by taking delivery of the vessel within the first quarter of this year and is subject to the satisfaction of certain customary closing conditions.