Castor adds second modern kamsarmax in a week

Asiatic Lloyd Nasdaq-listed Castor Maritime has bought another modern kamsarmax bulker, taking its recent spending on the segment to close to $80m. The Petros Panagiotidis-led company has acquired the 2024-built Magic Saturn for $41.9m from an unaffiliated third party. The vessel was delivered to Castor on June 29. The same day, Castor also took delivery of the Magic Jupiter , a 2023-built modern-eco kamsarmax it agreed to acquire last week for $37.5m. Both acquisitions were funded with cash on hand. The Magic Saturn was previously named Scion Mathilda . The 82,000 dwt bulker was delivered by Jiangsu New Hantong Ship Heavy Industry in August 2024 as the first in a four-ship series ordered by Germany’s Scion Shipping & Trading. The ship was built to Lloyd’s Register class and Liberia flag requirements under the supervision of Schulte Marine Concept and under the management of Asiatic Lloyd. The Magic Jupiter was previously the Seacon Hamburg , a 2023-built kamsarmax that belonged to Hong Kong-listed Seacon Shipping before being sold on to Castor. Splash reported last week that the Magic Jupiter deal followed Seacon buying the vessel out of Chinese leasing. With the addition of the Magic Saturn , the company’s fleet has grown to 11 vessels. The newly acquired ship is also the youngest vessel in Castor’s fleet. Adis Ajdin Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy. Read Next June 30, 2026 Vallourec joins contractor line-up on Azule’s $5.1bn Angola development June 30, 2026 Bureau Veritas agrees sale of fuel testing division to Triton Partners June 30, 2026 Skyborn takes full control of German offshore wind farm June 30, 2026 Skov to step down as Hafnia chief executive June 30, 2026 Maersk goes from red to black Back to top button