Castor Maritime Inc

Castor Maritime, Inc. engages in the provision of shipping transportation services It operates through the following segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. The Dry Bulk segment transport dry cargo commodities. The Aframax/LR2 Tanker segment handles the transport of crude oil. The Handysize Tanker segment carries oil products. The company was founded by Petros Panagiotidis on September 12, 2017 and is headquartered in Limassol, Cyprus.

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Castor Maritime, Inc. engages in the provision of shipping transportation services It operates through the following segments: Dry Bulk and Containership segment. The Dry Bulk segment provides dry bulk commodities transportation services. The Containership segment provides cargo transportation services. The company was founded by Petros Panagiotidis on September 12, 2017 and is headquartered in Limassol, Cyprus.

LIMASSOL, Cyprus, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on November 14, 2023, the Company completed the previously announced sale at a price of $6.55 million of the M/V Magic Sun, a 2001-built Panamax bulk carrier vessel, by delivering the vessel to its new owner. The Company expects to record during the fourth quarter of 2023 a net gain on the sale of the M/V Magic Sun of approximately $1.0 million, excluding any transaction-related costs.

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Sun

LIMASSOL, Cyprus, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and nine months ended September 30, 2023.

Castor Maritime Inc. Reports Net Loss of $5.4 Million for the Three Months Ended September 30, 2023 and Net income of $13.6 Million for the Nine Months Ended September 30, 2023

LIMASSOL, Cyprus, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on October 6, 2023 and October 16, 2023, respectively, the Company entered into two separate agreements with two unaffiliated third parties for the sale of the (i) M/V Magic Sun, a 2001-built Panamax bulk carrier vessel, for a price of $6.55 million and (ii) M/V Magic Phoenix, a 2008-built Panamax bulk carrier vessel, for a price of $14.0 million. Both vessels are expected to be delivered to their new owners during the fourth quarter of 2023.

Castor Maritime Inc. Announces the Sale of the M/V Magic Sun and M/V Magic Phoenix for an Aggregate $20.55 Million

LIMASSOL, Cyprus, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the receipt of a notification letter on October 18, 2023 from The Nasdaq Stock Market (“Nasdaq”) granting the Company an additional 180-day extension to April 15, 2024 (the “Second Compliance Period”) to regain compliance with Nasdaq's $1.00 per share minimum bid price requirement (the “Minimum Bid Price Requirement”) for continued listing of the Company's common shares on the Nasdaq Capital Market. As previously reported on April 21, 2023, the Company received written notification from Nasdaq that it was no longer in compliance with the Minimum Bid Price Requirement.

Castor Maritime Inc. Receives 180-day Extension from Nasdaq to Meet Nasdaq's Minimum Bid Price Requirement

LIMASSOL, Cyprus, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on September 22, 2023, the Company entered into an agreement with an unaffiliated third party for the sale of the M/V Magic Argo, a 2009-built Kamsarmax bulk carrier, for a price of $15.75 million. The vessel is expected to be delivered to her new owners during the fourth quarter of 2023.

Castor Maritime Inc. Announces the Sale of the M/V Magic Argo for $15.75 Million with an Expected Net Gain of $3.0 Million and the Termination of the Sale of the M/V Magic Moon

LIMASSOL, Cyprus, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that the Company's 2023 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 1, 2023, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.

Castor Maritime Inc. Announces Results of its 2023 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and six months ended June 30, 2023.

Castor Maritime Inc. Reports Net Income of $8.2 Million for the Three Months Ended June 30, 2023 and Net income of $19 Million for the Six Months Ended June 30, 2023

LIMASSOL, Cyprus, July 31, 2023 (GLOBE NEWSWIRE) -- Limassol, Cyprus, July 31, 2023 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors (the "Board") has scheduled the Company's 2023 Annual General Meeting of Shareholders (the "Meeting") to be held on September 1, 2023, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of July 3, 2023 (the "Record Date") for the determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

Castor Maritime Inc. Announces the Date of its 2023 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, July 24, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on July 20, 2023, the Company completed the previously announced sale at a price of $17.5 million of the M/V Magic Twilight, a 2010-built Kamsarmax, by delivering the vessel to its new owner. The Company expects to record during the third quarter of 2023 a net gain on the sale of the M/V Magic Twilight of approximately $4.0 million, excluding any transaction related costs.

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Twilight

While current dry bulk shipping charter rates are nothing to write home about, leading containership lessors Costamare and Danaos Corporation recently made moves to enter the space. Castor Maritime recently joined Danaos Corporation by taking a significant stake in competitor Eagle Bulk Shipping. I believe shareholders would have been way better off if Castor Maritime had repurchased its own common shares at the current 90%+ discount to net asset value.

Castor Maritime Joins Danaos Corporation In Hunt For Eagle Bulk Shipping

LIMASSOL, Cyprus, May 23, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months ended March 31, 2023.

Castor Maritime Inc. Reports Net Income of $10.8 Million for the Three Months Ended March 31, 2023; Spin-Off of Tanker Business Completed on March 7, 2023

LIMASSOL, Cyprus, April 21, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated April 20, 2023, indicating that because the closing bid price of the Company's common stock for 30 consecutive business days, from March 8, 2023 to April 19, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2).

Castor Maritime Inc. Announces Receipt of NASDAQ Notice

LIMASSOL, Cyprus, March 20, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on March 13, 2023, we entered into an agreement with a third party for the sale of the M/V Magic Rainbow at a price of $12.6 million. The conclusion of the sale agreement is subject to the execution of definitive documentation customary for this type of transaction. The vessel is expected to be delivered to its new owner during the second quarter of 2023.

Castor Maritime Inc. Announces the Sale of the M/V Magic Rainbow for $12.6 Million and With an Expected Net Gain of $4.4 Million

Castor Maritime (NASDAQ: CTRM ) stock is taking off on Wednesday after the company releases results for its fourth quarter of 2022. That report starts with the company's earnings per share of 36 cents.

Why Is Castor Maritime (CTRM) Stock Up 112% Today?

LIMASSOL, Cyprus, March 08, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that the Company's annual report on Form 20‐F (the “Annual Report”), which contains the Company's audited consolidated financial statements for the fiscal year ended December 31, 2022, was filed with the U.S. Securities and Exchange Commission (the “SEC”).

Castor Maritime Inc. Announces Availability of its 2022 Annual Report on Form 20-F

LIMASSOL, Cyprus, March 08, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and year ended December 31, 2022.

Castor Maritime Inc. Reports Net Income of $33.7 Million for the Three Months Ended December 31, 2022, and a Record $118.6 Million Net Income for the Year Ended December 31, 2022. Spin-Off of Tanker Business Completed on March 7, 2023.

LIMASSOL, Cyprus, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that the distribution date for the previously announced spin-off of its wholly owned subsidiary, Toro Corp., will be March 7, 2023.

Castor Maritime Inc. Announces Distribution Date for the Proposed Spin-Off of its Tanker Fleet

LIMASSOL, Cyprus, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that, in relation to the previously announced spin-off of its wholly owned subsidiary, Toro Corp., the record date has been revised to February 22, 2023, and the Company now expects to complete the distribution of Toro Corp. common shares in March 2023.

Castor Maritime Inc. Announces Record Date for the Proposed Spin-Off of its Tanker Fleet

Proposed spin-off of the company's tanker fleet into a new, Nasdaq-listed entity named Toro Inc. has been delayed. Based on disclosures made in Toro's recently revised registration statement, transaction terms have been altered in favor of Castor Maritime.

Castor Maritime: Retaining More Value In Upcoming Toro Spin-Off

LIMASSOL, Cyprus, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors, consisting of its independent disinterested members (the "Board"), has decided, on the recommendation of a special committee of the Board, to amend certain terms of the proposed spin-off of the whole of its tanker fleet comprising six Aframax/LR2 and two Handysize tankers to be held by its current subsidiary, Toro Corp. (“Toro”). In the proposed spin-off, Castor shareholders will receive one common share of Toro for every ten Castor common shares held at the close of business on December 6, 2022 (the “Record Date”).

Castor Maritime Inc. Announces Filing of a Revised Registration Statement for the Proposed Spin-Off of its Tanker Fleet

LIMASSOL, Cyprus, Dec. 16, 2022 (GLOBE NEWSWIRE) --  Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that the Company's 2022 Annual General Meeting of Shareholders (the "Meeting") was duly held on December 15, 2022, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.

Castor Maritime Inc. Announces Results of its 2022 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that, the distribution to its shareholders of common shares in its newly formed subsidiary Toro Corp. (“Toro”) as part of the spin-off announced on November 16, 2022, will be extended from December 15, 2022. The Company expects the spin-off and distribution to Castor holders of common shares on the record date of December 6, 2022 to occur by mid-January 2023. The new distribution date and any changes to the terms of the distribution and spin-off will be communicated by the Company in due course. This is due to Toro not having, as of yet, obtained declaration of effectiveness of Toro's registration statement on Form 20-F and the approval of the listing of Toro's common shares on the Nasdaq Capital Market has yet to be completed. The distribution and spin-off remain subject to (among other things) such effectiveness and approval. There can be no assurance that the distribution or the spin-off will occur or, if they do occur, their terms or timing.

Castor Maritime Inc. Announces Extension of Distribution Date to Proposed Spin-Off of its Tanker Fleet

LIMASSOL, Cyprus, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the deliveries of two vessels.

Castor Maritime Inc. Announces the Deliveries of Two Containership Vessels and New $22.5 Million Debt Financing

This shipping company delivered record results on the bottom line for the third quarter.

Why Shares of Castor Maritime Are Cruising Higher This Week

LIMASSOL, Cyprus, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and nine months ended September 30, 2022.

Castor Maritime Inc. Reports Record Net income of $37.1 Million for the Three Months Ended September 30, 2022 and $84.9 Million Net income for the Nine Months Ended September 30, 2022

News for Castor Maritime Inc Stock (CTRM)