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Castor Maritime secures financing for bulker pair

Nasdaq-listed Greek owner Castor Maritime has announced that it has entered into a binding commitment letter with a European financial institution to obtain financing of $15m for two bulk carriers.

The company expects the credit facility to close in January 2021.

In the meantime, the company received notification letter from the Nasdaq Stock Market granting the company an additional 180 day extension until June 28, 2021 to regain compliance with Nasdaq’s minimum bid price requirement.

Castor Maritime’s fleet currently consists of six panamax bulkers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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