Castor Maritime has wasted little time spending recently raised funds on the acquisition of its fifth bulker.
The Petros Panagiotidis-led shipowner said it had acquired a Japanese-built panamax for nearly $12.8m from an unaffiliated third-party seller. The identity of the 2010-built vessel was not disclosed.
Castor Maritime said it expected to take delivery of the vessel sometime between the end of the third quarter and beginning of the fourth quarter.
