Castor maritime inc. announces vessel acquisition and new charter agreement

Limassol, cyprus, dec. 20, 2021 (globe newswire) -- 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 2012 japanese-built panamax dry bulk carrier from a third-party in which a family member of castor's chairman, chief executive officer and chief financial officer has a minority interest, for a purchase price of $23.55 million. the terms of the transaction were negotiated and approved by a special committee of disinterested and independent directors of the company.
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