Castor Maritime Agrees To Acquire 2024-Built Modern-Eco Kamsarmax Bulk Carrier Vessel, M/V Magic Saturn, From Unaffiliated Third Party For $
Castor Maritime Inc. (NASDAQ: CTRM ), ("Castor" or the "Company"), a diversified global shipping and energy company, announces that it has entered into an agreement, through a separate wholly-owned subsidiary, to acquire a 2024-built modern-eco Kamsarmax bulk carrier vessel, the M/V Magic Saturn, from an unaffiliated third party for a purchase price of $41.9 million. The Company took delivery of the M/V Magic Saturn on June 29, 2026. Furthermore, on June 29, 2026, the Company took delivery of the M/V Magic Jupiter, the 2023-built modern-eco Kamsarmax vessel it had agreed to acquire, as previously announced on June 22, 2026. Both acquisitions were funded with cash on hand.
Castor Maritime Inc. (NASDAQ: CTRM ), ("Castor" or the "Company"), a diversified global shipping and energy company, announces that it has entered into an agreement, through a separate wholly-owned subsidiary, to acquire a 2024-built modern-eco Kamsarmax bulk carrier vessel, the M/V Magic Saturn, from an unaffiliated third party for a purchase price of $41.9 million.
The Company took delivery of the M/V Magic Saturn on June 29, 2026.
Furthermore, on June 29, 2026, the Company took delivery of the M/V Magic Jupiter, the 2023-built modern-eco Kamsarmax vessel it had agreed to acquire, as previously announced on June 22, 2026.
Both acquisitions were funded with cash on hand.