Castor Maritime Announces Agreement To Acquire 2015-Built Ultramax Dry Bulk Carrier For $25.5M Through Wholly-Owned Subsidiary
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Castor Maritime has announced an agreement to acquire a 2015-built Ultramax dry bulk carrier for $25.5 million through its wholly-owned subsidiary.
July 25, 2024 | 1:00 pm
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Castor Maritime has announced an agreement to acquire a 2015-built Ultramax dry bulk carrier for $25.5 million through its wholly-owned subsidiary. This acquisition is likely to expand the company's fleet and enhance its revenue-generating capacity.
The acquisition of a relatively new vessel is a positive development for Castor Maritime as it expands its fleet and potentially increases its revenue-generating capacity. This move aligns with the company's growth strategy and could positively impact its stock price in the short term.
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