Castor Maritime Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Petros Panagiotidis
- Full Time Employees
- 123
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 223 Christodoulou Chatzipavlou Street Limassol LI Cyprus 3036
- IPO Date
- Feb 11, 2019
- CIK
- 0001720161
- Website
- castormaritime.com
- Similar Companies
- Business
- Castor Maritime Inc. operates primarily as an owner and operator of drybulk vessels, focusing on the transportation of bulk cargoes such as coal, grain, and minerals across global waterways. Its fleet predominantly comprises Handymax and Supramax vessels, which are medium-sized drybulk carriers suitable for a wide range of cargoes and port calls. Castor Maritime offers shipping services that involve chartering these vessels for the transport of commodities worldwide, serving customers in maritime logistics and bulk materials industries. Founded in 2014 and headquartered in Athens, Greece, Castor Maritime's operations extend internationally, emphasizing global maritime trade routes. The company has expanded its fleet and enhanced operational capabilities through recent acquisitions and strategic partnerships, positioning itself to better serve markets in Asia, Europe, and North America. In the past 1-2 years, Castor Maritime has focused on fleet modernization with acquisitions aimed at increasing capacity and efficiency, along with initiatives to enhance its digital and environmental footprint in shipping operations. Castor Maritime's business segments include vessel ownership, chartering, and management services, focusing on sustainable and efficient maritime transportation solutions. The company targets commodity producers, traders, and industrial customers requiring reliable sea freight for bulk goods. The firm continues to pursue growth through fleet expansion and operational improvements, maintaining a strong presence in the drybulk shipping industry. No recent company name changes or major rebranding have been reported. However, Castor Maritime has actively engaged in fleet expansion and strategic collaborations to bolster its competitive positioning and service offerings. This includes leveraging new product launches related to shipping technologies and enhancing service efficiency in response to evolving market demands. Overall, Castor Maritime Inc. stands as a key player in the drybulk shipping industry, with a robust and growing fleet of Handymax and Supramax vessels, delivering bulk cargo transport services globally while focusing on operational excellence and strategic growth initiatives.
Castor Maritime Inc. Announces the Date of its 2026 Annual General Meeting of Shareholders
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Castor Maritime Inc. Announces Vessel Acquisition
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Castor Maritime Inc. Announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares
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Castor Maritime Inc. Announces the Sale and Leaseback of the M/V Magic Thunder
Castor Maritime Inc. Announces Availability of its 2024 Annual Report on Form 20-F
Castor Maritime Inc. Reports Fourth Quarter and Full Year Results for 2024
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Eclipse
Castor Maritime Inc. Announces the Sale of the M/V Magic Eclipse and of the M/V Magic Callisto for an Aggregate $28.0 Million
Castor Maritime Inc. Announces the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG
Castor Maritime Inc. Announces the Sale of the M/V Ariana A for a Price of $16.5 Million
Castor Maritime Inc. Reports Net Income of $2.8 Million for the Three Months Ended September 30, 2024 and Net income of $48.0 Million for the Nine Months Ended September 30, 2024
Castor Maritime Inc. Announces Delivery of the M/V Raphaela
Castor Maritime Inc. Reports Net Income of $22.9 Million for the Three Months Ended June 30, 2024 and Net income of $45.2 Million for the Six Months Ended June 30, 2024