Castor Maritime Inc. (NASDAQ: CTRM), a global shipping and energy company, announced the strategic acquisition of two state-of-the-art eco-friendly Kamsarmax bulk carriers, the M/V Magic Saturn and the M/V Magic Jupiter.
The company acquired the M/V Magic Saturn for $41.9 million, with delivery completed on June 29, 2026. It also confirmed the delivery of the M/V Magic Jupiter, a 2023-built vessel, as previously announced.
These additions increase Castor Maritime’s fleet to 11 vessels, with a total capacity of approximately 0.9 million deadweight tons (dwt). The acquisitions form part of the company’s broader strategy to enhance its asset portfolio with modern, environmentally efficient ships, in line with its commitment to sustainable shipping practices.
Overall, Castor Maritime continues to expand its global presence through targeted vessel investments, while maintaining a diversified platform across asset management, vessel ownership, and energy infrastructure projects.
Robban Assafina is now on WhatsApp channel. Click Here
