Thursday, 12 December 2024

Shipping

Castor Maritime Inc. Announces Vessel Acquisition

Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it has entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third-party to acquire a 2020-built Kamsarmax bulk carrier vessel for a purchase price of $29.95 million.

BHP, Pan Pacific Copper and Norsepower deploy wind-assisted propulsion technology on vessel that set sail this month

BHP, together with Pan Pacific Copper (PPC) and Norsepower, completed the retrofit installation of a Norsepower Rotor Sail™ (NPRS™) onboard the M/V Koryu, a combination carrier operated by Nippon Marine (member of the SENKO group and owned by SENKO (60%) and JX Advanced Metals (40%)) that will carry copper concentrates from Chile to Japan and sulphuric acid from Japan to Chile.

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