Spread the love
stock ticker for CTRM

[wp-rss-aggregator feeds=”ctrm”]

Wednesday, March 10 2021 9:00 AM, EST


Castor Maritime Inc. Announces Vessel Acquisition

GlobeNewswire   “Press Releases”

LIMASSOL, Cyprus, March 10, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (Castor or the Company), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.45 million.

The acquisition is expected to be consummated by taking delivery of the vessel within the second quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

We are very happy to announce our seventh vessel acquisition in 2021 with the addition of another Kamsarmax dry bulk vessel, our fourth, to Castors fleet. Our focus remains on deploying our capital and growing our fleet through timely acquisitions of vessels across shipping segments.

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

On a fully delivered basis, Castor will have a fleet of 13 vessels, with an aggregate capacity of 1.2 million dwt, consisting of 1 Capesize, 4 Kamsarmax and 6 Panamax dry bulk vessels and 2 Aframax tankers. Where we refer to information on a fully delivered basis, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

CTRM – Castor Maritime Inc.

Thursday, February 18 2021 8:50 AM, EST


Castor Maritime Inc. Announces Vessel Acquisition

GlobeNewswire   “Press Releases”

LIMASSOL, Cyprus, Feb. 18, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (Castor or the Company), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.8 million.

The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

We are very happy to announce the acquisition of our third Kamsarmax dry bulk vessel and remain committed to our plan of steadily deploying capital and growing our fleet. Upon completion of all our recently announced acquisitions, our fleet will consist of twelve vessels, doubling in size since the beginning of 2021. We are working diligently in identifying and taking advantage of attractive opportunities presented to us across vessel sizes and segments.

Friday, February 12 2021 2:10 PM, EST


Top Ships among industrial gainers; Castor Maritime and India Globalization Capital among losers [Seeking Alpha]

Web News   “Financial Blogs”

https://seekingalpha.com/news/3661795-top-ships-among-industrial-gainers-castor-maritime-and-india-globalization-capital-among-losers?utm_source=feed_news_on_the_move&utm_medium=referral

CTRM had a nice push on Friday, 5 FEB 2021, booked 20% gains, now looking for the next leg up. .90 break could really sends this one up HUGE… expecting lots of volume on this one Monday as we saw a nice volume setup for this one Friday.

$CTRM

on the weekly chart you can see how big of a res point .9 has been… a break of that could send this one HUGE.

$CTRM

Wednesday, February 03 2021 9:00 AM, EST


Castor Maritime Inc. Announces Vessel Acquisition

GlobeNewswire   “Press Releases”

LIMASSOL, Cyprus, Feb. 03, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (Castor or the Company), a global shipping company specializing in the ownership of dry bulk vessels, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2009 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.5 million.

The acquisition is expected to be consummated by taking delivery of the vessel within the first quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

We remain committed to our plan of steadily growing our fleet by announcing the acquisition of our second Kamsarmax vessel, shortly after the acquisition of our first one. Upon completion of our recently announced acquisitions, our fleet will consist of nine vessels, tripling in size since last summer. We are dedicated to further expanding our fleet by deploying our capital in the most productive manner, taking advantage of attractive opportunities presented to us in all vessel sizes and segments.

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Companys vessels are employed primarily on short to medium-term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.

On a fully delivered basis, Castor will have a fleet of 9 vessels consisting of 1 Capesize, 2 Kamsarmax and 6 Panamax vessels. Where we refer to information on a fully delivered basis, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

For more information please visit the Company’s website at www.castormaritime.com. Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words believe, anticipate, intend, estimate, forecast, project, plan, potential, will, may, should, expect, pending and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our managements examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Companys view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk shipping market conditions, including fluctuations in charter hire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off-hire, risks associated with vessel construction, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Monday, February 01 2021 8:40 AM, EST


Castor Maritime Inc. Announces Vessel Acquisition

GlobeNewswire   “Press Releases”

LIMASSOL, Cyprus, Feb. 01, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (Castor or the Company), a global shipping company specializing in the ownership of dry bulk vessels, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.85 million.

The acquisition is expected to be consummated by taking delivery of the vessel within the first quarter of this year and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of Castor, commented:

We are very excited to announce the acquisition of our first Kamsarmax vessel. Once again, we have demonstrated our ability to expand our fleet with the addition of our 8th vessel shortly after the announcement of our previous vessel acquisition.

On a fully delivered basis, Castor will have a fleet of 8 vessels consisting of 1 Capesize, 1 Kamsarmax and 6 Panamax vessels. Where we refer to information on a fully delivered basis, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

For more information please visit the Company’s website at www.castormaritime.com. Information on our website does not constitute a part of this press release.

Filings:

3 FEB 2021, archive.fast-edgar.com/20210203/AFZ6M222H2222TZ2222L2ZZED5GHZ22SB232/ (fast-edgar.com)

1 FEB 2021, archive.fast-edgar.com/20210201/AFZZM222H2222TZ2222L2ZZ9D5GHZ22SBX32/ (fast-edgar.com)

29 JAN 2021, archive.fast-edgar.com/20210129/AR22A22CL222L24L222T2CY2BMP4C222Z232/ (fast-edgar.com)

Leave a Reply