Cypriot shipowner Castor Maritime has returned to the sale-and-purchase arena with a deal to buy another Japanese bulker.

The Nasdaq-listed company had been uncharacteristically quiet since splashing $40m on two panamax bulkers in May, following a huge fleet expansion that has seen it spend $340m on 23 ships since July 2020.

But the owner said on Friday it is spending $18.75m