Castor Maritime: Rises on vessel acquisition

Castor Maritime

09/04/2021 15:48

** U.S.-listed shares of shipping co  1C1.F   CTRM.O  rise
~3% to $0.53 
    ** CTRM to purchase a 2011 Japanese-built Panamax dry bulk
carrier from an unaffiliated third-party for $18.48 mln, marking
its ninth vessel acquisition in 2021  urn:newsml:reuters.com:*:nGNX55DB2v
    ** "Focus remains on deploying our capital and growing our
fleet through timely acquisitions of vessels across shipping
segments" - CEO Petros Panagiotidis
    ** The acquisition is expected to complete by Q2
    ** CTRM up 184% so far this year 

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))