Castor Maritime adds another aframax

Nasdaq-listed Greek owner Castor Maritime has acquired a 2005 Korean-built aframax tanker for $14.8m.

The acquisition takes Castor’s fleet of tankers to three, having acquired its first tankers in February with a double aframax deal.

Delivery is scheduled for the second quarter of this year.

Petros Panagiotidis, chief executive officer of Castor, commented: “We are pleased to announce our tenth vessel acquisition in 2021 with the addition of an aframax tanker to Castor’s fleet. Upon completion of all our recently announced acquisitions, our fleet will consist of 16 vessels. We constantly monitor the market for attractive acquisition opportunities across vessel sizes and segments.”

Castor Maritime started the year with a fleet of six panamax bulkers and now owns 16 vessels made up of one capesize, five kamsarmaxes, seven panamaxes and three aframax tankers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.


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