Castor maritime inc. announces vessel acquisition and new charter agreements

Limassol, cyprus, aug. 26, 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 2008 japanese-built panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $18.75 million. the acquisition is expected to be concluded by taking delivery of the vessel in the fourth quarter of this year and is subject to the satisfaction of certain customary closing conditions.
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