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Follow on Google News | Castle Placement Named Exclusive Placement Agent for $40 Million Raise for PetroMar Ships, IncBy: Castle Placement and client firm PetroMar Ships, Inc. has been established by PetroMar Corp., a leading ship-management services provider for over 20 years in seven countries, to purchase high-quality used medium range oil tankers for charter. The Company plans to use the tankers to provide lower-cost transportation of liquid petroleum products for major oil companies. PetroMar has an exclusive opportunity to purchase two medium range sister ships for $16 million each, which were last sold in 2015 for $26 million apiece, and offer them for turn-key time-charter services. PetroMar believes that long-term tanker fundamentals are improving and have a favorable outlook, indicating an attractive entry point. The global management team is led by Capt. Alex Koutsakis, who has a distinguished career in maritime services spanning 45 years. Founded in 2009, Castle Placement raises equity and debt capital for private middle market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform - including artificial intelligence/ https://castleplacement.com End
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