Castor Maritime Seals $15.3m Fleet Growth Loan

Capt. John

Nasdaq-listed dry bulk owner Castor Maritime seals a $15.3m senior term loan facility to aid fleet growth, says a press release published on their website.

About the loan

Castor Maritime seals a $15.3m senior term loan facility with a European financial institution, secured by two of its vessels.

According to Castor, the loan is expected to be drawn down by end of this month, and will be used for the company’s growth plans.

Castor’s debut in Cape segment

Recently, Castor acquired a 2006-built...

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