en.Wedoany.com Reported - Castor Maritime, a Cyprus-based, Nasdaq-listed shipowner, has acquired a 2023-built eco-friendly Kamsarmax bulk carrier for $37.5 million.

The company, led by Petros Panagiotidis, stated that the unnamed vessel is being purchased from an unaffiliated third party through a wholly owned subsidiary, at a price comparable to the newbuilding cost quoted by brokers at Chinese shipyards. Delivery is expected by the end of the quarter, subject to customary closing conditions, and Castor said the acquisition will be funded with existing cash.

The vessel will become the youngest in Castor's fleet, which will expand to 10 ships upon completion of the transaction, including nine bulk carriers and one container ship, with a total capacity of approximately 700,000 deadweight tons. Over the past two years, Castor has restructured its fleet through a series of bulk carrier and container ship deals. In 2024, the company purchased a 2020-built Kamsarmax vessel, "Magic Ariel," for $29.95 million, and earlier this year entered into a sale-and-leaseback agreement for the 2013-built Kamsarmax vessel "Magic Perseus."

The company's operations have also expanded beyond ship ownership. At the end of 2024, Castor acquired a majority stake in MPC Münchmeyer Petersen Capital, a Frankfurt-listed asset management company that controls container ship owner MPC Container Ships.

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