Details from Castor Maritime kamsarmax deal revealed

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Castor Maritime, a Nasdaq-listed Cyprus-based shipping company, has disclosed details of its recent acquisition of a 2023-built kamsarmax bulk carrier, the Seacon Hamburg, for $37.5 million. The deal is expected to be completed by the end of the quarter and financed with cash on hand.

Cyprus-based, Nasdaq-listed owner Castor Maritime has added the 2023-built Seacon Hamburg in its latest kamsarmax move.  Last week, Castor announced it had agreed to acquire an unnamed 2023-built kamsarmax bulker for $37.5m, with delivery expected by the end of the quarter and the deal to be funded with cash on hand. Broking sources have since …