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Castor Maritime Announces that MPC Oceanic Group Has Entered into Agreement to Acquire a 41% Stake in Marlow Navigation
GlobeNewswire Inc.·
Castor Maritime's majority-owned subsidiary MPC Oceanic Group has agreed to acquire a 41% stake in Marlow Navigation, a leading ship management services provider with over 16,000 crew members and USD 560 million in 2025 revenue. The acquisition, valued at approximately USD 126 million (USD 97 million cash and USD 29 million in MPC Oceanic Group shares), is expected to close in early 2027 pending regulatory approvals.
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