10:56 AM EDT, 09/30/2024 (MT Newswires) -- Castor Maritime ( CTRM ) said Monday it has agreed to purchase a 2020-built Kamsarmax bulk carrier vessel for approximately $30 million.

The company said it plans to finance the acquisition with cash on hand and expects to take delivery of the vessel from an unaffiliated third-party in October, pending standard closing conditions.

Shares of Castor Maritime ( CTRM ) were up 3.2% in recent Monday trading.

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