Dry CargoEurope

Castor Maritime seals its seventh kamsarmax acquisition for the year

Nasdaq-listed Greek owner Castor Maritime has swooped to acquire a 2013 Japanese-built kamsarmax bulker, its seventh kamsarmax buy and the eighteenth addition to the fleet this year.

Castor paid $21m for the vessel, which matches the description of Defender Holding’s kamsarmax Peak Proteus which has been reported as sold by brokers. The ship has a value of $22.57m according to VesselsValue.

The acquisition is set for delivery this quarter, and takes Castor’s fleet to 24 vessels made up of 16 bulkers and eight tankers.

Petros Panagiotidis, chief executive officer of Castor, commented: “We continue to steadily execute our expansion plan with the addition of another kamsarmax dry bulk vessel to Castor’s fleet. Upon completion of all our announced acquisitions, our fleet will consist of 24 vessels across the dry bulk and tanker segments.”

Last week, brokers linked Castor to the acquisition of five more ships, including another kamsarmax.

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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