Benzinga | Apr 28, 2021 09:10AM EDT

Castor Maritime Acquires 2011 Chinese-Built Panamax Dry Bulk Carrier From Unaffiliated 3rd-Party For $14.5M

Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2011 Chinese-built Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.5 million.



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