Castor Maritime Inc. Announces Vessel Acquisition

Impact · against what's priced in

Castor Maritime Inc. (CTRM) marginally increases its fleet scale and efficiency by adding a 2023-built Kamsarmax vessel. The move is low-risk as it is funded via cash on hand, avoiding new debt while increasing the total fleet to 10 vessels.

CTRM+0.40

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In context

The acquisition of a modern-eco Kamsarmax vessel for $37.5 million increases capacity to 0.7 million dwt and improves fleet efficiency without incurring new interest expense.

Read from the article alone

• CTRM
• acquisition
• bulk carrier
• dry bulk
• fleet expansion
• maritime
• shipping

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