CASTOR Maritime has made a major move into the container shipping sector with a double sub-Panamax purchase, reports Singapore's Splash 247.
The company is adding two 2005 German-built 2,700-TEU ships from entities owned by family members of castor CEO Petros Panagiotidis.
Castor is paying US$50.75 million for the pair, with charters attached at 'attractive levels' and expected to deliver by the end of 2022.
The company currently owns 20 bulk carriers and eight tankers.
In November, Castor moved to revolve its tanker fleet into a newly formed subsidiary, Toro, and have its common shares listed on Nasdaq.
The unit will be led by Panagiotidis and comprise one Aframax, five aframax/LR2, and two handysize tankers.
SeaNews Turkey
The company is adding two 2005 German-built 2,700-TEU ships from entities owned by family members of castor CEO Petros Panagiotidis.
Castor is paying US$50.75 million for the pair, with charters attached at 'attractive levels' and expected to deliver by the end of 2022.
The company currently owns 20 bulk carriers and eight tankers.
In November, Castor moved to revolve its tanker fleet into a newly formed subsidiary, Toro, and have its common shares listed on Nasdaq.
The unit will be led by Panagiotidis and comprise one Aframax, five aframax/LR2, and two handysize tankers.
SeaNews Turkey
