Castor adds second modern kamsarmax in a week

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Castor Maritime, a Nasdaq-listed company, has acquired a second modern kamsarmax bulk carrier in one week, spending nearly $80 million on vessels including the 2024-built Magic Saturn. This expansion highlights active investment and fleet growth in the dry bulk shipping sector.

Nasdaq-listed Castor Maritime has bought another modern kamsarmax bulker, taking its recent spending on the segment to close to $80m. The Petros Panagiotidis-led company has acquired the 2024-built Magic Saturn for $41.9m from an unaffiliated third party. The vessel was delivered to Castor on June 29. The same day, Castor also took delivery of the …