Castor Maritime (CTRM) said Tuesday it agreed to buy the Kamsarmax bulk carrier ship M/V Magic Saturn for $41.9 million and that it took delivery of the ship on Monday.
Castor said it also took delivery on Monday of the M/V Magic Jupiter, a Kamsarmax vessel it agreed to buy on June 22.
Both acquisitions were funded with cash on hand, the company said.
Price: 2.10, Change: -0.01, Percent Change: -0.53
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments