Petros Panagiotidis

Castor Maritime added two new ships to its fleet for $ 40 million.

The NASDAQ-listed shipping company based in Cyprus acquired two panamax dry bulk carriers in 2013 and 2014 for $ 19.06 million and $ 21.0 million respectively. The acquisitions are expected to be completed with the delivery of the ships in the third and fourth quarters of this year.