Castor Maritime Inc.
NNASDAQ:CTRMCapital Structure
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in mil. unless spec.Company Description
- CEO
- Petros Panagiotidis
- Full Time Employees
- 123
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- 223 Christodoulou Chatzipavlou Street Limassol LI Cyprus 3036
- IPO Date
- Dec 20, 2018
- 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.
Company News
Castor Maritime (NASDAQ:CTRM) Stock Price Down 11.5% – Here’s What Happened
Castor Maritime Inc. Announces Results of its 2026 Annual General Meeting of Shareholders
Castor Maritime Inc. Reports Net Income of $26.8 Million for the Three Months Ended June 30, 2026, and $96.0 Million for the Six Months Ended June 30, 2026
Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight
Financial Review: Castor Maritime (NASDAQ:CTRM) versus EuroDry (NASDAQ:EDRY)
Castor Maritime Inc. Announces the Date of its 2026 Annual General Meeting of Shareholders
Critical Contrast: Teekay Tankers (NYSE:TNK) and Castor Maritime (NASDAQ:CTRM)
Castor Maritime Inc. Announces Vessel Acquisition and the Delivery of M/V Magic Jupiter
Castor Maritime Inc. Announces Vessel Acquisition
Castor Maritime Inc. Reports Net Income of $69.2 Million for the Three Months Ended March 31, 2026
Castor Maritime Inc. Announces Availability of its 2025 Annual Report on Form 20-F
Castor Maritime (NASDAQ:CTRM) versus Cadeler A/S (NYSE:CDLR) Critical Survey
Castor Maritime Inc. Announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares
Castor Maritime Inc. Reports First Quarter Results for 2025
Spirit AeroSystems Announces Definitive Agreement with CTRM for Acquisition of Facility in Subang, Malaysia
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